Andhra CM announces Rs 2 cut in petrol, diesel price from Tuesday
Andhra CM announces Rs 2 cut in petrol, diesel price from Tuesday
Petrol and diesel prices are revised daily by state-run oil firms
11 September, 2018, 09:56
Oil Minister Dharmendra Pradhan on Sunday said that India as a stable economy should avoid any knee-jerk reaction to volatile crude oil prices, indicating no cut in taxes on fuel despite petrol and diesel prices breaching record levels in the national capital. While a cut in excise duty that the central government levies will impact fiscal deficit, states like Bihar, Kerala, and Punjab are not in a position to cut sales tax (or VAT), the official, who wished not to be identified, said.
The Bandh has been called against rising prices of commodities, including petrol and diesel, since last few days. "Wherever you go, they divide people - one religion against another, one caste against another and one State pitted against the other", he added.Sporadic incidents of violence were reported in several States. "It was a bandh called by Congress and every party has the right to do their own protests", said BSP senior leader and spokesperson Sudhindra Bhadoria.
The Trinamool Congress (TMC), though supporting the issue, made a decision to stay away from the protest. Shutdown supporters blocked national and state highways, disrupted rail and road traffic for hours and stranding thousands of passengers. Vegetable vendors sits idea as there are no customers due to Bharat band. In Mumbai, a litre of petrol costs Rs 87.77 and diesel comes for Rs 76.98, the notification said.
Even as the protests continued, fuel prices touched new highs of Rs 88.21 per litre in Mumbai and Rs 80.82 per litre in Delhi. "This reflects the government's audacity and arrogance and insensitivity towards the common man", Akhilesh Yadav, Samajwadi Party (SP) chief, said in Lucknow.
The BJP dubbed the bandh as an attempt to spread rumour and confusion among the masses and said people will "puncture the grand alliance balloon" floated by the weak Opposition.
However, a number of political analysts strongly feel that it is the burning issue of the fuel price rise that has forced Opposition parties to join hands with the Congress.
The Congress party along with other Opposition parties called a nationwide strike across the country on Monday to protest against the rising prices of petrol and diesel and the falling value of the rupee against the USA dollar. The BJP dubbed the protest a failure. The shutdown will be observed between 9 am and 3 pm in Kerala, Maharashtra, Karnataka, West Bengal, Madhya Pradesh, Telangana, Bihar and Haryana, reported News18.
The rally drew leaders of the Janata Dal-Secular, Trinamool Congress, Rashtriya Janata Dal, Nationalist Congress Party, Loktantrik Janata Dal, Rashtriya Lok Dal, All India United Democratic Front, Revolutionary Socialist Party and Aam Aadmi Party. Also in attendance were former Prime Minister Manmohan Singh and UPA Chairperson Sonia Gandhi. A statement by the Centre of Indian Trade Unions called upon all its members to back the Bandh call against the "unprecedented economic burden being imposed by the BJP-led Modi government on the people".
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Delhi charges a Value-Added Tax of 27% on petrol and 17.24% on diesel while Mumbai has a maximum Value-Added Tax of % on petrol. Off late, the prices are on a northward journey for about a month now, baring a few days, when it dropped marginally.
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