Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Overtaxation of petrol and diesel cannot be justified      </title>
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Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre.

Nearly two-and-a-half years ago, when global crude oil prices were around $75 a barrel, petrol was selling..."/>
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Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre.

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                            <p style="text-align:justify">-The New Indian Express</p><p style="text-align:justify"><em>Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre.</em></p><p style="text-align:justify">Nearly two-and-a-half years ago, when global crude oil prices were around $75 a barrel, petrol was selling at Indian pumps for Rs 75 a litre. Today, when crude oil prices have fallen to $52 a barrel, petrol prices have hit an all-time high of Rs 86 or thereabouts a litre. The logic of such an otherwise inexcusable anomaly is of course the government&rsquo;s need to raise revenues in difficult times by taxing a commodity that no individual or enterprise can really do without.</p><p style="text-align:justify">Some 67% of the retail price of petrol and 61% of that of diesel go towards taxes as of today. For the last five years, the Centre has used the fall in crude prices to raise taxes and effectively keep the retail prices of petrol and diesel within a narrow range. If the fall in crude prices had been passed on to consumers, the pump prices would have fallen by 50 paise for every $1 drop in crude rates. Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre.</p><p style="text-align:justify">Please <a href="https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU" title="https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU" class="re" target="_blank">The New Indian Express, 28 January, 2021, https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU</a><div class="clear"></div>
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                            <p style="text-align:justify">-The New Indian Express</p><p style="text-align:justify"><em>Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre.</em></p><p style="text-align:justify">Nearly two-and-a-half years ago, when global crude oil prices were around $75 a barrel, petrol was selling at Indian pumps for Rs 75 a litre. Today, when crude oil prices have fallen to $52 a barrel, petrol prices have hit an all-time high of Rs 86 or thereabouts a litre. The logic of such an otherwise inexcusable anomaly is of course the government&rsquo;s need to raise revenues in difficult times by taxing a commodity that no individual or enterprise can really do without.</p><p style="text-align:justify">Some 67% of the retail price of petrol and 61% of that of diesel go towards taxes as of today. For the last five years, the Centre has used the fall in crude prices to raise taxes and effectively keep the retail prices of petrol and diesel within a narrow range. If the fall in crude prices had been passed on to consumers, the pump prices would have fallen by 50 paise for every $1 drop in crude rates. Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre.</p><p style="text-align:justify">Please <a href="https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU" title="https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU" class="re" target="_blank">The New Indian Express, 28 January, 2021, https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Overtaxation of petrol and diesel cannot be justified      </title>
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Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre.

Nearly two-and-a-half years ago, when global crude oil prices were around $75 a barrel, petrol was selling..."/>
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Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre.

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    <h1 class="cat-box-title">Overtaxation of petrol and diesel cannot be justified  </h1>
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                            <p style="text-align:justify">-The New Indian Express</p><p style="text-align:justify"><em>Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre.</em></p><p style="text-align:justify">Nearly two-and-a-half years ago, when global crude oil prices were around $75 a barrel, petrol was selling at Indian pumps for Rs 75 a litre. Today, when crude oil prices have fallen to $52 a barrel, petrol prices have hit an all-time high of Rs 86 or thereabouts a litre. The logic of such an otherwise inexcusable anomaly is of course the government&rsquo;s need to raise revenues in difficult times by taxing a commodity that no individual or enterprise can really do without.</p><p style="text-align:justify">Some 67% of the retail price of petrol and 61% of that of diesel go towards taxes as of today. For the last five years, the Centre has used the fall in crude prices to raise taxes and effectively keep the retail prices of petrol and diesel within a narrow range. If the fall in crude prices had been passed on to consumers, the pump prices would have fallen by 50 paise for every $1 drop in crude rates. Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre.</p><p style="text-align:justify">Please <a href="https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU" title="https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU" class="re" target="_blank">The New Indian Express, 28 January, 2021, https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU</a><div class="clear"></div>
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Home हिन्दी

Overtaxation of petrol and diesel cannot be justified

Published on Jan 28, 2021   Modified on Jan 29, 2021

-The New Indian Express Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre. Nearly two-and-a-half years ago, when global crude oil prices were around $75 a barrel, petrol was selling at Indian pumps for Rs 75 a litre. Today, when crude oil prices have fallen to $52 a barrel, petrol prices have hit an all-time high of Rs 86 or thereabouts a litre. The logic of such an otherwise inexcusable anomaly is of course the government’s need to raise revenues in difficult times by taxing a commodity that no individual or enterprise can really do without. Some 67% of the retail price of petrol and 61% of that of diesel go towards taxes as of today. For the last five years, the Centre has used the fall in crude prices to raise taxes and effectively keep the retail prices of petrol and diesel within a narrow range. If the fall in crude prices had been passed on to consumers, the pump prices would have fallen by 50 paise for every $1 drop in crude rates. Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre. Please click here to read more.

The New Indian Express, 28 January, 2021, https://www.newindianexpress.com/opinions/editorials/2021/jan/28/overtaxation-of-petrol-and-diesel-cannot-be-justified-2255951.html?fbclid=IwAR2HrISxKGC-NaDT0oSBuZc59evneb4N2zsN-Ed5MRzMdDUXoiRtClKqvAU

Tagged with: Cess Petrol Diesel Fuel Prices Retail Prices

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