Karnataka government cuts Petrol, Diesel prices by Rs 2/litre

Hike in fuel prices continue, petrol nears Rs 90 mark in Mumbai

On Tuesday, West Bengal chief minister Mamata Banerjee announced a cut in state tax for petrol and diesel, bringing down their prices by Re 1. The price of fuel is reportedly highest in Mumbai at 89.44 rupees per litre of petrol and 78.33 rupees per litre of diesel.

In the other key cities of Delhi and Chennai too, petrol prices climbed fresh highs of Rs 81.63 and Rs 84.85, against the previous levels of Rs 81.28 and Rs 84.49 per litre respectively.

Since oil prices have started rising, following U.S. sanctions on Iraq and the slide of the rupee against the dollar, there have been calls to reduce tax.

The recent surge in transportation fuel prices is attributed to high crude oil prices and a falling rupee.

Petrol prices in at least 12 cities in Maharashtra - Parbhani, Nandurbar, Nanded, Latur, Jalna, Jalgaon, Hingoli, Gondia, Buldhana, Beed, Aurangabad and Ratnagiri - crossed the Rs 90-mark for a litre by Sunday. The BJP has alleged that the state earns Rs 25 on every litre of petrol sold.

India imported crude oil worth Rs. 2,640,30 crore (over $39 billion) between April and July 2018, according to data provided by the Petroleum Planning and Analysis Cell.

Similarly, the price break-up of diesel in Delhi includes excise duty of Rs. 15.33, dealer commission of Rs. 2.52, and Value-Added Tax of Rs. 10.70 (including Value-Added Tax on dealer commission). Diesel, in the West Bengal capital was priced at Rs 75.39 on Saturday, up from previous level of Rs 75.15 per litre. In July, Kumaraswamy had made a budgetary announcement to increase taxation on petrol and diesel by 2% each.

Related:

Comments

Latest news

First Image Of Joaquin Phoenix As The Joker Revealed
But we don't know what, if anything, we'll see of Thomas Wayne's son Bruce, AKA Batman . The scene was filmed today in the Harlem neighborhood of Manhattan in New York City.

Forecasters downgrade ‘risk to life’ threat of Storm Helene
Those using high-sided vehicles on exposed routes and bridges have been warned that travel may not be possible. - There could be some short term loss of power and other services .

Early offensive surge carries Bengals past Ravens
The broken tackle and catch-and-run on this 32-yard touchdown were great, sure, but that lay-up was the icing on the cake. Down by 21 points, the Ravens made a run at it behind Joe Flacco , who threw a pair of touchdown passes.

CJ McCollum Live-Tweeted The Browns Heartbreaking Loss To The Saints
But Cleveland, which last won a regular season game on December 24, 2016 over San Diego before finishing 1-15, was not dead yet. Brees finished 28 of 35 for 243 yards and two touchdowns, while Taylor completed 22 of 30 for 246 yards and a touchdown.

Jalen Ramsey Fears ‘No Man’ Ahead Of Gronkowski Clash In Patriots Game
After the game, we can be cool. "Football is not a game meant to be played being nice to each other and all that, like kumbaya". They did that and the biggest takeaway was that if the offensive line can hold up, the offense could be dynamic.

Other news