-The Telegraph The BJP’s nationalism would have been credible if it had a humane, inclusive face The prime minister has assured his legion of admirers that India’s stature is rising in the global order. The countrymen, however, can spot only one thing that is on an unprecedented rise: the price of essential commodities. On Tuesday, the price of diesel scored a century in Bengal, much like petrol that is already burning a...
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Panic buy in Punjab, farmers stock diesel to cut costs -Harpreet Bajwa
-The New Indian Express As crude oil prices soar to record highs, panic buying of diesel has started in Punjab with a 70 per cent rise in sales as compared to the same period last year. CHANDIGARH: As crude oil prices soar to record highs, panic buying of diesel has started in Punjab with a 70 per cent rise in sales as compared to the same period last year. People fear that...
More »Rising crude oil prices further burdens Indian consumers -Vignesh Radhakrishnan, Sumant Sen and Jasmin Nihalani
-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...
More »The Great Petro Robbery - Subodh Varma
-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...
More »Retail inflation soars to 6.3%, a 6-month high
-The Hindu Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils Retail inflation hit a six-month high of 6.3% in May, thanks to a persistent rise in fuel and edible oil prices, which also played a part in pushing wholesale prices to a record 12.94% inflation in the month, as per data released on Monday. Consumers experienced an inflation of 11.58% for the ‘fuel...
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