Fuel price hike continues on Day 12 Petrol at 85.65 in Mumbai Diesel at 73.20
Opposition leader in Delhi assembly Vijender Gupta on Thursday asked the Delhi government to roll back Value-Added Tax by 12 per cent on petrol and 10.5 percent on diesel increased during the Aam Aadmi Party's (AAP) regime. Industry experts said petrol prices in Patna were the second highest in the country after Mumbai on Wednesday.
Price of non-branded petrol in Delhi soared to Rs 77.47 per litre today, the highest price recorded in Delhi's history, and a 30 paise per litre hike over Wednesday'sprice.
Not only this, the crude oil prices are expected to increase further over the next six months, and their effect will clearly reflect on the domestic petrol and diesel prices. "However, other states too would need to accept that, for it to come in action", Fadnavis said while replying to a volley of questions over the rising petrol and diesel prices in the state that have gone to to pre 2014 levels.
"Once petrol and diesel are brought under the ambit of GST, its threshold will change, because, right now, taxes upon taxes are levied which increases rates".
Apparently, the OPEC has passed a unilateral decision of reducing the production of crude oils raising their prices in the global market to as much as 80$ per barrel which has increased its demand than its supply.
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Rahul Gandhi took Twitor to urge Prime Minister Modi to take up the "fuel challenge" to decrease the skyrocketing fuel prices. State sales tax or VAT vary from state to state. If it (petrol and diesel) can be brought under GST, rates will come down.
Opposition leaders have criticised the government for failing to rein in rising fuel prices, a politically-sensitive issue in one of the world's biggest economies.
Various ministers of the opposition demanded a reduction in the excise duty and Value-Added Tax on petrol and diesel respectively. We are trying to build a consensus in GST Council on bringing petroleum under GST.
Petrol and diesel prices across the country continued to climb by the range of 19-31 paise per litre, marking the 11 straight day of hikes in the fuel prices. The prices had plateaued for almost 20 days prior to the voting day.
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