-Livemint.com * Central and state taxes make up for 60% of the retail selling price of petrol and over 54% of diesel * On 20 February, petrol price was hiked by record 39 paise per litre and diesel by 37 paise a litre Reserve Bank of India governor Shaktikanta Das called for reduced indirect taxes on petrol and diesel to contain the fuel prices at a reasonable level. Petrol and Diesel Prices in...
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Quixplained: Why are prices of petrol and diesel rising in India?
-The Indian Express Fuel prices vary from state to state and taxes are levied on them by both central as well as the state governments. So, why are the prices of petrol and diesel rising in India? Take a look The retail price of regular petrol hit a three-figure mark for the first time across the country after it was hiked by 26 paise to Rs 100.13 a litre in Rajasthan’s Sri...
More »Gadkari launches India’s first CNG Tractor -Shreya Nandi
-Livemint.com * With this, farmers will be able to save more than ₹1 trillion annually on fuel cost, which will help them to improve their livelihood, Nitin Gadkari said * It is safer as CNG tanks come with a tight seal, which reduces the possibility of explosion while refueling or in the event of a spill, the minister said New Delhi: Union road transport and highways minister Nitin Gadkari on Friday launched India’s...
More »Overtaxation of petrol and diesel cannot be justified
-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...
More »Farmers want better APMCs, not ‘mukti’ from them, says AIKMS
-The Hindu The document argued that the diesel cost had been raised tremendously by the present government. The Left- affiliated All-India Kisan Mazdoor Sabha (AIKMS) on Sunday released a document countering the claims of the Modi government on the three contentious farm laws, saying that the government’s arguments for not repealing the legislations were “deceptive” and “untruthful”. It also accused the government of propagating “falsehood” to claim that the laws would help...
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