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
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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
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')) {

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        LATEST NEWS UPDATES | The Great Petro Robbery - Subodh Varma    </title>
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Modi government has been mercilessly hiking up taxes on petrol and diesel to take money from the people and boost its resources.

Since the prices of petroleum products were deregulated some years back and supposedly &ldquo;linked&rdquo; to markets, the central government..."/>
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Modi government has been mercilessly hiking up taxes on petrol and diesel to take money from the people and boost its resources.

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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Modi government has been mercilessly hiking up taxes on petrol and diesel to take money from the people and boost its resources.</em></p><p style="text-align:justify">Since the prices of petroleum products were deregulated some years back and supposedly &ldquo;linked&rdquo; to markets, the central government has weaponised this to simply impose an indirect tax burden on the people.</p><p style="text-align:justify">Take the four big metros: Delhi, Mumbai, Kolkata and Chennai. On an average, petrol prices have increased from about Rs 58.91 per litre in 2014-15 to Rs 98.26 on June 15, 2021. That&rsquo;s an increase of nearly 67% in seven years. Similarly, average diesel prices rose from Rs 48.26 per litre to Rs 91.01 per litre in the same period &ndash; a numbing hike of nearly 89%.</p><p style="text-align:justify">The full list of daily prices going back over the years is available with the Petroleum Planning and Analysis Cell under the Ministry of Petroleum and Natural Gas.</p><p style="text-align:justify">India meets most of its petroleum products needs by importing crude oil in a certain combination from other countries and then refining it into various products including petrol, diesel, LPG, and a host of other useful chemicals. It has been often argued that domestic prices are increasing because of rising global prices of crude oil. Nothing could be further from the truth.</p><p style="text-align:justify">As the chart above shows, crude oil (Indian basket) prices increased by about 44% in the seven years past &ndash; from an average of $46.59 per barrel in 2014-15 to $66.95 per barrel in May 2021-22. Yet domestic prices increased much more, indicating that the sky-high prices of petrol and diesel have nothing to do with international prices of crude oil.</p><p style="text-align:justify">Then what is the reason behind these high prices? It is the ever increasing tax on production of various petroleum products that the government of India imposes on the oil marketing companies. These taxes include: central excise duties, integrated goods and services tax (IGST), central GST, customs duties, etc. There is also a cess on crude oil. But the bulk of tax is collected by the government in the form of central excise duties.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/The-Great-Petro-Robbery?fbclid=IwAR3R2r1byLmMKLXs3eefo09pLPENBlFVoV7Ll-T1iKHxsVSDC4sYTuc55ec" title="https://www.newsclick.in/The-Great-Petro-Robbery?fbclid=IwAR3R2r1byLmMKLXs3eefo09pLPENBlFVoV7Ll-T1iKHxsVSDC4sYTuc55ec">click here</a> to read more.</p>                                                           
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    <h1 class="cat-box-title">The Great Petro Robbery - Subodh Varma</h1>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Modi government has been mercilessly hiking up taxes on petrol and diesel to take money from the people and boost its resources.</em></p><p style="text-align:justify">Since the prices of petroleum products were deregulated some years back and supposedly &ldquo;linked&rdquo; to markets, the central government has weaponised this to simply impose an indirect tax burden on the people.</p><p style="text-align:justify">Take the four big metros: Delhi, Mumbai, Kolkata and Chennai. On an average, petrol prices have increased from about Rs 58.91 per litre in 2014-15 to Rs 98.26 on June 15, 2021. That&rsquo;s an increase of nearly 67% in seven years. Similarly, average diesel prices rose from Rs 48.26 per litre to Rs 91.01 per litre in the same period &ndash; a numbing hike of nearly 89%.</p><p style="text-align:justify">The full list of daily prices going back over the years is available with the Petroleum Planning and Analysis Cell under the Ministry of Petroleum and Natural Gas.</p><p style="text-align:justify">India meets most of its petroleum products needs by importing crude oil in a certain combination from other countries and then refining it into various products including petrol, diesel, LPG, and a host of other useful chemicals. It has been often argued that domestic prices are increasing because of rising global prices of crude oil. Nothing could be further from the truth.</p><p style="text-align:justify">As the chart above shows, crude oil (Indian basket) prices increased by about 44% in the seven years past &ndash; from an average of $46.59 per barrel in 2014-15 to $66.95 per barrel in May 2021-22. Yet domestic prices increased much more, indicating that the sky-high prices of petrol and diesel have nothing to do with international prices of crude oil.</p><p style="text-align:justify">Then what is the reason behind these high prices? It is the ever increasing tax on production of various petroleum products that the government of India imposes on the oil marketing companies. These taxes include: central excise duties, integrated goods and services tax (IGST), central GST, customs duties, etc. There is also a cess on crude oil. But the bulk of tax is collected by the government in the form of central excise duties.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/The-Great-Petro-Robbery?fbclid=IwAR3R2r1byLmMKLXs3eefo09pLPENBlFVoV7Ll-T1iKHxsVSDC4sYTuc55ec" title="https://www.newsclick.in/The-Great-Petro-Robbery?fbclid=IwAR3R2r1byLmMKLXs3eefo09pLPENBlFVoV7Ll-T1iKHxsVSDC4sYTuc55ec">click here</a> to read more.</p>                                                           
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Modi government has been mercilessly hiking up taxes on petrol and diesel to take money from the people and boost its resources.

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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Modi government has been mercilessly hiking up taxes on petrol and diesel to take money from the people and boost its resources.</em></p><p style="text-align:justify">Since the prices of petroleum products were deregulated some years back and supposedly &ldquo;linked&rdquo; to markets, the central government has weaponised this to simply impose an indirect tax burden on the people.</p><p style="text-align:justify">Take the four big metros: Delhi, Mumbai, Kolkata and Chennai. On an average, petrol prices have increased from about Rs 58.91 per litre in 2014-15 to Rs 98.26 on June 15, 2021. That&rsquo;s an increase of nearly 67% in seven years. Similarly, average diesel prices rose from Rs 48.26 per litre to Rs 91.01 per litre in the same period &ndash; a numbing hike of nearly 89%.</p><p style="text-align:justify">The full list of daily prices going back over the years is available with the Petroleum Planning and Analysis Cell under the Ministry of Petroleum and Natural Gas.</p><p style="text-align:justify">India meets most of its petroleum products needs by importing crude oil in a certain combination from other countries and then refining it into various products including petrol, diesel, LPG, and a host of other useful chemicals. It has been often argued that domestic prices are increasing because of rising global prices of crude oil. Nothing could be further from the truth.</p><p style="text-align:justify">As the chart above shows, crude oil (Indian basket) prices increased by about 44% in the seven years past &ndash; from an average of $46.59 per barrel in 2014-15 to $66.95 per barrel in May 2021-22. Yet domestic prices increased much more, indicating that the sky-high prices of petrol and diesel have nothing to do with international prices of crude oil.</p><p style="text-align:justify">Then what is the reason behind these high prices? It is the ever increasing tax on production of various petroleum products that the government of India imposes on the oil marketing companies. These taxes include: central excise duties, integrated goods and services tax (IGST), central GST, customs duties, etc. There is also a cess on crude oil. But the bulk of tax is collected by the government in the form of central excise duties.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/The-Great-Petro-Robbery?fbclid=IwAR3R2r1byLmMKLXs3eefo09pLPENBlFVoV7Ll-T1iKHxsVSDC4sYTuc55ec" title="https://www.newsclick.in/The-Great-Petro-Robbery?fbclid=IwAR3R2r1byLmMKLXs3eefo09pLPENBlFVoV7Ll-T1iKHxsVSDC4sYTuc55ec">click here</a> to read more.</p>                                                           
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Home हिन्दी

The Great Petro Robbery - Subodh Varma

Published on Jun 17, 2021   Modified on Jun 18, 2021

-Newsclick.in Modi government has been mercilessly hiking up taxes on petrol and diesel to take money from the people and boost its resources. Since the prices of petroleum products were deregulated some years back and supposedly “linked” to markets, the central government has weaponised this to simply impose an indirect tax burden on the people. Take the four big metros: Delhi, Mumbai, Kolkata and Chennai. On an average, petrol prices have increased from about Rs 58.91 per litre in 2014-15 to Rs 98.26 on June 15, 2021. That’s an increase of nearly 67% in seven years. Similarly, average diesel prices rose from Rs 48.26 per litre to Rs 91.01 per litre in the same period – a numbing hike of nearly 89%. The full list of daily prices going back over the years is available with the Petroleum Planning and Analysis Cell under the Ministry of Petroleum and Natural Gas. India meets most of its petroleum products needs by importing crude oil in a certain combination from other countries and then refining it into various products including petrol, diesel, LPG, and a host of other useful chemicals. It has been often argued that domestic prices are increasing because of rising global prices of crude oil. Nothing could be further from the truth. As the chart above shows, crude oil (Indian basket) prices increased by about 44% in the seven years past – from an average of $46.59 per barrel in 2014-15 to $66.95 per barrel in May 2021-22. Yet domestic prices increased much more, indicating that the sky-high prices of petrol and diesel have nothing to do with international prices of crude oil. Then what is the reason behind these high prices? It is the ever increasing tax on production of various petroleum products that the government of India imposes on the oil marketing companies. These taxes include: central excise duties, integrated goods and services tax (IGST), central GST, customs duties, etc. There is also a cess on crude oil. But the bulk of tax is collected by the government in the form of central excise duties. Please click here to read more.

Newsclick.in, 17 June, 2021, https://www.newsclick.in/The-Great-Petro-Robbery?fbclid=IwAR3R2r1byLmMKLXs3eefo09pLPENBlFVoV7Ll-T1iKHxsVSDC4sYTuc55ec

Tagged with: Petroleum products Petrol Diesel Fuel prices Fuel inflation Petroleum Planning and Analysis Cell Central Excise Duties Integrated Goods and Services Tax IGST Central GST Customs Duties

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