-The Telegraph The cut was announced a day after the declaration of by-election results in 29 Assembly seats and 3 Lok Sabha seats, wherein BJP suffered setback in some states The Narendra Modi government has finally buckled under pressure from consumers, voters and the Opposition and slashed excise duties on petrol by Rs 5 a litre and on diesel by Rs 10 a litre. From Thursday in Calcutta, the price of petrol will...
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In Just One Year, We’re Paying Over Rs. 300 More for LPG Cylinder! -Subodh Varma
-Newsclick.in Petrol and diesel prices have also zoomed, as Modi government rakes in over Rs.3.73 lakh crore as tax. The Central government continues to squeeze millions of Indians by relentlessly raising the prices of essential fuels, such as cooking gas and petrol/diesel. In the past one year, the price of a standard 14.2 kg cylinder of cooking gas (LPG) has been hiked by an incredible Rs.301.75, from Rs.604.63 (average of four metros)...
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 »Oil Ministry mulls reinstating subsidised LPG prices, survey in progress -Twesh Mishra
-Business Standard Centre assessing appropriate price at which subsidy should resume The Ministry of Petroleum and Natural Gas is evaluating a threshold at which the subsidy on Liquefied Petroleum Gas (LPG or cooking gas) will be reinstated. According to a senior government official in the know, a survey is currently being conducted to determine the price at which maximum consumers will keep buying domestic cylinders. One of the options also being considered...
More »"Roll Back LPG Price Hike": NDA Ally Warns Of Waning Chances In State Polls -Himanshu Shekhar Mishra
-NDTV.com A number of state assembly polls, including in Uttar Pradesh and Punjab, are scheduled over the next few months. New Delhi: The BJP's NDA ally Janata Dal-United (JDU) today demanded that the Centre roll back the hike announced today in LPG cylinder prices by petroleum companies. The party, which leads the coalition in Bihar, cited the financial pressure on households amid the Covid pandemic and said political rivals could use the...
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