In Mumbai, petrol price stood at Rs 88.44 per litre--the same as yesterday. In Chennai, petrol remained unchanged to sell at Rs 92.90. Diesel was retailing at Rs 86.31 in the city
Here's a selection of Business Standard opinion pieces for the day
Fuel prices were hiked again after a two-day pause
The Opposition Samajwadi Party and Bahujan Samaj Party (BSP) in Uttar Pradesh on Tuesday attacked the BJP government over the rise in fuel prices
"It is totally wrong and unfair to trouble people, who are already facing problems because of the Covid-19 pandemic, unemployment and inflation"
Industry players say vehicle supply is already higher than needed, so when fleet owners prune sizes, single-owners who supply them their trucks will be hit hard
Most want centre to reverse Covid excise duty, states to prune VAT rate or replace ad valorem rate with flat tax structure
"What Congress leader Rahul Gandhi said was right that they (BJP) only think about two people," he added
This comes as the prices of petrol and diesel are increasing continuously for several days and in some states, the price of petrol has even crossed Rs 100 mark
In Chennai, petrol remained unchanged to sell at Rs 92.59. Diesel was retailing at Rs 85.98 in the city
It's foolish not to tax things the demand for which is inelastic. This was the reason why salt used to be taxed till Gandhiji opposed it and the salt tax was abolished after independence
State finance minister says decision taken despite Amphan, Covid stress and dues from Centre running into Rs 77,000 cr, will bring marginal relief especially to farmers who use diesel
In a letter to Modi, she said the truth is that as GDP nosedives, the prices of gas, diesel and petrol continue to rise unchecked
Gandhi on Sunday asked Prime Minister Narendra Modi not to blame previous governments for rising prices but find a "solution" as she termed the fuel price hike a "brazen act of profiteering"
The West Bengal government on Sunday announced a reduction of tax by Re 1 per litre on petrol and diesel effective from midnight. State Finance Minister Amit Mitra said the move will provide some respite to people stung by burgeoning prices of fuel. "The Centre earns Rs 32.90 per litre in taxes from petrol, while the state gets Rs 18.46 only. In case of diesel, the central government's earning is Rs 31.80 per litre as against Rs 12.77 for the state," Mitra said. He also alleged that the Centre had imposed cess to avoid devolution with states, which is "against the characteristics of federalism". To a question, Mitra said the Union government should reintroduce the planning commission.
On Sunday, price of the fuel in Delhi, Mumbai, Chennai and Kolkata was at Rs 90.58, Rs 97.00, Rs 92.59, Rs 91.7 per litre, respectively, unchanged from the previous levels
Petrol and diesel prices are at record highs
Petrol price on Saturday touched an all-time high of Rs 97 per litre in Mumbai while diesel rate crossed Rs 88 -mark
The Finance Minister said it is a matter for which the Centre and state governments need to work together and see whether there is a way to fix the issue
Rajasthan Chief Minister Ashok Gehlot on Saturday said fuel prices have been increasing for 11 days and the common man is suffering as a result of "wrong" economic policies of the Centre.