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
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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
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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

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
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Rising crude oil prices further burdens Indian consumers -Vignesh Radhakrishnan, Sumant Sen and Jasmin Nihalani    </title>
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The Centre has raked in nearly Rs.16 lakh crore through excise duty on petroleum products between FY15 and FY21

In India, crude oil prices have risen to a near three-year high. Subsequently, the retail prices of petrol and diesel, which..."/>
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     <meta property="og:description" content="-The Hindu

The Centre has raked in nearly Rs.16 lakh crore through excise duty on petroleum products between FY15 and FY21

In India, crude oil prices have risen to a near three-year high. Subsequently, the retail prices of petrol and diesel, which..." />
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    <h1 class="cat-box-title">Rising crude oil prices further burdens Indian consumers -Vignesh Radhakrishnan, Sumant Sen and Jasmin Nihalani</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The Centre has raked in nearly Rs.16 lakh crore through excise duty on petroleum products between FY15 and FY21</em></p><p style="text-align:justify">In India, crude oil prices have risen to a near three-year high. Subsequently, the retail prices of petrol and diesel, which were already high due to heavy tax rates, became higher in India. Notably, in recent times, whenever crude prices have been on the rise, the burden has been passed on to Indian consumers. However, when crude prices dropped, the Centre&#39;s excise duty was increased in proportion and consumers continued to pay more. In contrast, the State&#39;s share of taxes has not moved much. The Centre has raked in nearly 16 lakh crore through excise duty on petroleum products between FY15 and FY21. And now that fuel consumption is resuming to pre-pandemic levels, consumers may have pay more.</p><p style="text-align:justify"><em>Double standards</em></p><p style="text-align:justify">The chart depicts the crude price - Indian basket (left axis) and the retail petrol price in Delhi (right axis). Since late-2014, crude prices have crashed on multiple occasions. But this has rarely translated into a reduction in retail petrol prices. However, a rise in crude price has always been accompanied by a parallel increase in retail price.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/data/data-rising-crude-oil-prices-further-burdens-indian-consumers/article36763438.ece?homepage=true" title="https://www.thehindu.com/data/data-rising-crude-oil-prices-further-burdens-indian-consumers/article36763438.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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    <h1 class="cat-box-title">Rising crude oil prices further burdens Indian consumers -Vignesh Radhakrishnan, Sumant Sen and Jasmin Nihalani</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The Centre has raked in nearly Rs.16 lakh crore through excise duty on petroleum products between FY15 and FY21</em></p><p style="text-align:justify">In India, crude oil prices have risen to a near three-year high. Subsequently, the retail prices of petrol and diesel, which were already high due to heavy tax rates, became higher in India. Notably, in recent times, whenever crude prices have been on the rise, the burden has been passed on to Indian consumers. However, when crude prices dropped, the Centre&#39;s excise duty was increased in proportion and consumers continued to pay more. In contrast, the State&#39;s share of taxes has not moved much. The Centre has raked in nearly 16 lakh crore through excise duty on petroleum products between FY15 and FY21. And now that fuel consumption is resuming to pre-pandemic levels, consumers may have pay more.</p><p style="text-align:justify"><em>Double standards</em></p><p style="text-align:justify">The chart depicts the crude price - Indian basket (left axis) and the retail petrol price in Delhi (right axis). Since late-2014, crude prices have crashed on multiple occasions. But this has rarely translated into a reduction in retail petrol prices. However, a rise in crude price has always been accompanied by a parallel increase in retail price.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/data/data-rising-crude-oil-prices-further-burdens-indian-consumers/article36763438.ece?homepage=true" title="https://www.thehindu.com/data/data-rising-crude-oil-prices-further-burdens-indian-consumers/article36763438.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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     <meta property="og:description" content="-The Hindu

The Centre has raked in nearly Rs.16 lakh crore through excise duty on petroleum products between FY15 and FY21

In India, crude oil prices have risen to a near three-year high. Subsequently, the retail prices of petrol and diesel, which..." />
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    <h1 class="cat-box-title">Rising crude oil prices further burdens Indian consumers -Vignesh Radhakrishnan, Sumant Sen and Jasmin Nihalani</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The Centre has raked in nearly Rs.16 lakh crore through excise duty on petroleum products between FY15 and FY21</em></p><p style="text-align:justify">In India, crude oil prices have risen to a near three-year high. Subsequently, the retail prices of petrol and diesel, which were already high due to heavy tax rates, became higher in India. Notably, in recent times, whenever crude prices have been on the rise, the burden has been passed on to Indian consumers. However, when crude prices dropped, the Centre&#39;s excise duty was increased in proportion and consumers continued to pay more. In contrast, the State&#39;s share of taxes has not moved much. The Centre has raked in nearly 16 lakh crore through excise duty on petroleum products between FY15 and FY21. And now that fuel consumption is resuming to pre-pandemic levels, consumers may have pay more.</p><p style="text-align:justify"><em>Double standards</em></p><p style="text-align:justify">The chart depicts the crude price - Indian basket (left axis) and the retail petrol price in Delhi (right axis). Since late-2014, crude prices have crashed on multiple occasions. But this has rarely translated into a reduction in retail petrol prices. However, a rise in crude price has always been accompanied by a parallel increase in retail price.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/data/data-rising-crude-oil-prices-further-burdens-indian-consumers/article36763438.ece?homepage=true" title="https://www.thehindu.com/data/data-rising-crude-oil-prices-further-burdens-indian-consumers/article36763438.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/data/data-rising-crude-oil-prices-further-burdens-indian-consumers/article36763438.ece?homepage=true" class="re" target="_blank">The Hindu, 1 October, 2021, https://www.thehindu.com/data/data-rising-crude-oil-prices-further-burdens-indian-consumers/article36763438.ece?homepage=true</a><div class="clear"></div>
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Rising crude oil prices further burdens Indian consumers -Vignesh Radhakrishnan, Sumant Sen and Jasmin Nihalani

Published on Oct 1, 2021   Modified on Oct 5, 2021

-The Hindu The Centre has raked in nearly Rs.16 lakh crore through excise duty on petroleum products between FY15 and FY21 In India, crude oil prices have risen to a near three-year high. Subsequently, the retail prices of petrol and diesel, which were already high due to heavy tax rates, became higher in India. Notably, in recent times, whenever crude prices have been on the rise, the burden has been passed on to Indian consumers. However, when crude prices dropped, the Centre's excise duty was increased in proportion and consumers continued to pay more. In contrast, the State's share of taxes has not moved much. The Centre has raked in nearly 16 lakh crore through excise duty on petroleum products between FY15 and FY21. And now that fuel consumption is resuming to pre-pandemic levels, consumers may have pay more. Double standards The chart depicts the crude price - Indian basket (left axis) and the retail petrol price in Delhi (right axis). Since late-2014, crude prices have crashed on multiple occasions. But this has rarely translated into a reduction in retail petrol prices. However, a rise in crude price has always been accompanied by a parallel increase in retail price. Please click here to read more.

The Hindu, 1 October, 2021, https://www.thehindu.com/data/data-rising-crude-oil-prices-further-burdens-indian-consumers/article36763438.ece?homepage=true

Tagged with: Crude oil prices Fuel inflation Petrol prices Diesel prices Petrol Diesel excise duty Crude oil price petrol price diesel price

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