Rise in fuel price not because of BJP: Ravi Shankar Prasad
11 September, 2018, 00:24 | Author: Eric Barnett
Leaders of various opposition parties led by Congress president Rahul Gandhi kickstarted Monday the country-wide protest against rising fuel prices from Rajghat as part of the ' Bharat Bandh' call given by the party.
While Rajasthan on Sunday announced a 4 per cent cut in the VAT on petrol and diesel, Andhra Pradesh Monday said fuel prices will be reduced by Rs 2 each from the cut in sales tax. The government, he said, anticipates that worldwide oil prices, which together with a drop in the value of rupee has been fuelling the fuel price rise to record levels, will moderate in coming days to take pressure off. Bharat Bandh evokes mixed response in Punjab, Haryana The nationwide call of Opposition-sponsored "Bharat Bandh" against rising fuel prices evoked a mixed response in Punjab, Haryana and Union Territory Chandigarh. In Delhi, a litre of petrol will cost you Rs 80.50, while in Mumbai the situation is worse with Rs 87.89 per litre. Diesel rate touched its highest level of Rs 72.61 a litre.
Mumbai has the highest tax rates among the metros.
"Between 2014 and now, excise duty on petrol has risen by 211% and 433% on diesel". Two, it insulates fuel prices from competitive politics.
He slammed the BJP-led Union government for imposing heavy taxes on fuel. The reduction was carried out on May 31 in such a manner that the prices of both petrol and diesel will drop by a rupee.
Mumbai has the highest Value-Added Tax of 39.12 per cent on petrol, while Telangana levies the highest Value-Added Tax of 26 per cent on diesel.
Holding the BJP government responsible for the rise in petrol and diesel prices, Maken alleged that it kept on raising excise duty on fuel even as global crude oil prices have come down. The tax imposed by the Centre on petrol (including customs and excise duties, and other cesses) is 52.75 per cent, and on diesel is 38.53 per cent. Today, the price at which the state gets a litre of petrol is Rs 58.25. Karnataka gets Rs 18.88 on petrol, Rs 12.23 on diesel, Kerala Rs 19.09 on petrol and Rs 14.51 on diesel and Punjab gets Rs 21.81 per litre in taxes on petrol and Rs 10.07 a litre on diesel.
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