Kerala government on Friday reaffirmed its stand that it could not forego the taxes on fuel due to the grim financial situation
Accordingly, the pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Thursday from previous day's level of Rs 110.04 a litre, remains at the same level on Friday.
The prices of petrol and diesel will increase again in the coming months, said energy expert Narendra Taneja on Thursday.
"It is a confirmation of our charge that fuel prices are high mainly because of high taxes," he said
With revenues set to exceed the annual target by Rs 2 trillion, a softer revenue loss that boosts consumption will provide immense relief, especially to lower income households
The BJP on Thursday said that the Mamata Banerjee government should reduce VAT on fuel
The senior Congress leader on Thursday took a swipe at the BJP
Live news updates: Bharat Biotech's home-grown Covid-19 vaccine now many be used for Covid-19 inoculation in poor countries.
The Union home minister on Thursday lauded Modi's decision regarding the excise duty on fuel
Centre on Wednesday had cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre to give reprieve to consumers battered by record high retail fuel prices
The Centre had, on Wednesday, made petrol and diesel cheaper by Rs 5 and Rs 10 per litre respectively
The Centre on Wednesday announced that excise duty will be reduced by Rs 5 for petrol and Rs 10 for diesel from November 4
State Congress president K. Sudhakaran said even though the Centre's decision came a bit late, we welcome it
The retail prices of petrol and diesel fell between Rs 5-10 per litre in line with the Centre's announcement to cut excise duty on the two petroleum products to contain surging rates.
The decision was announced hours after the Centre cut excise duty on petrol and diesel on Wednesday, and the new price came into effect from midnight, the CMO said in a statement issued late at night.
Experts said the increase in consumption and tax buoyancy will help offset excise duty cuts on fuels to an extent
Excise duty on petrol and diesel to be reduced by Rs 5 and Rs 10 respectively from tomorrow
In Delhi, with an increase of Rs 0.35 in petrol and diesel prices, their cost rose to Rs 110.04 per litre and Rs 98.42 per litre respectively today.
As per official data, Petrol prices in Delhi stand at Rs 109.69 per litre (up by Rs 0.35) and diesel prices are Rs 98.42 per litre (up by Rs 0.35) today.
As for Kolkata, the price of petrol is Rs 109.02 per litre, while diesel is Rs 100.49 per litre. In Chennai, petrol and diesel cost Rs 105.43 and Rs 101.59 per litre respectively.