Petrol Touches Rs.90.11 In This City


Since 1 August, petrol prices have risen by Rs 4.56 per litre and diesel prices have risen by Rs 5.15 a litre in the national capital, on the back of a depreciating Rupee against the dollar and an increase in global fuel prices.

On Monday, the petrol price was Rs 89.97 and diesel stood at Rs 77.92 in the town with a population of around 3,10,000, around 500 kms east of Mumbai in Marathwada region. While a cut in excise duty that the central government levies will impact fiscal deficit, states like Bihar, Kerala, and Punjab are not in a position to cut sales tax (or VAT), the official, who wished not to be identified, said. The price in other metros are: Delhi - Rs 80.73; Chennai - Rs 83.91; and Kolkata - Rs 83.61.

The other highest centres include Nanded where petrol was retailing at Rs 89.93 per litre and diesel Rs 77.90, and Amravati Rs 89.93 and Rs 78.84.

Apart from Delhi, various Opposition parties held protest marches across the country. The nationwide bandh affected the bus and train services.

Rajasthan Chief Minister Vasundhara Raje announced a four-percent reduction in value-added tax (VAT) on petrol and diesel, which will reduce their prices by Rs 2.5 per litre in the state. Since mid-August, petrol price has risen by Rs 3.24 a litre and diesel by Rs 3.74 per litre as rupee hit record low against the USA dollar, making imports costlier.

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The bandh was called by 21 opposition parties that included the Congress, its allies and the Left.

Normal life was hit in some states Monday with offices and educational institutes remaining closed and vehicles off the roads during an opposition-sponsored Bharat Bandh in protest against rising prices of petrol and diesel.

TDP had opposed the demand of the opposition parties to bring the fuel products under the ambit of GST, claiming that fuel products were among the major contributors of tax revenues for the states.

Former Prime Minister Manmohan Singh said the Modi government has completely failed in keeping its promises to the people of India.

While the Bharatiya Janata Party also claimed that the shutdown was "unsuccessful" because people understand the reasons why petrol and diesel prices were going up, the Congress termed the bandh as successful. Union Minister Ravi Shankar Prasad said: "Everyone has a right to protest but what is happening today?"