Economy

BJP "Extinguishing Savings Of Common People": Congress On CNG Price Hike

BJP

Petrol prices across the four metros have been increased by over Rs 3 per litre in the past 16 days, leading to a political slugfest. Petrol was hiked by 16 paise to Rs 86.24 per litre in Mumbai. Now CNG-PNG prices also hiked in Delhi!

In Delhi petrol now cost record Rs 78.12 a litre, Mumbai Rs 85.93 per litre, Chennai Rs 81.11 a litre and Kolkata Rs 80.76 per litre. Union Petroleum and Natural Gas Minister Dharmendra Pradhan had earlier assured the public that the government will soon take out a solution to tackle the situation. Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday cited the increase in the cost of crude oil in the global market and the rupee-dollar exchange rate as the primary reason for the recent hike in fuel prices.

The government said it is likely to levy a "windfall tax", in the form of a cess, on companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) for any revenue that they earn from prices crossing $70 a barrel.

Last week, BJP President Amit Shah had said that a plan is being worked upon to check petrol prices in the country. "This is the most plausible scenario under the current circumstances", the SBI report said.

More news: Lava flow enters Hawaii geothermal plant property

Domestic petrol prices increased for the 14th consecutive day on Sunday, with the key transportation fuel being sold at Rs 78.12 per litre in the national capital. Fuel prices differ from state to state according to the incidence of local sales tax or VAT.

Across all forecourts, the average was even higher with prices rising by almost 8.5p a litre.

If this was the case, diesel prices could further reduce by Rs 3.75 a litre and petrol prices by Rs 5.75 per litre, it said.



Like this

loading...
loading...

Latest


29 May 2018
Cornelia Frances, Best Known As Morag From 'Home & Away,' Has Died
At the time, Frances spoke of her hopes to return to acting as Ray "Alf" Meagher's evil sister Morag. "I truly love this woman". She passed away overnight on Monday in the company of friends and family in Sydney, the Daily Telegraph reports.

29 May 2018
Jurgen Klopp told to sign ‘fabulous’ Loris Karius replacement
Credit must go to Real Madrid manager Zinedine Zidane, who called on Bale just at the right time. The match was goalless when Salah was taken off, although Klopp's side were in the ascendancy.

29 May 2018
Crowd Belts out National Anthem After Stadium Announces It Won't Be Played
Then the crowd started to stand up and sing the anthem, softly at first and then in a swelling chorus as everyone joined in. According to Yahoo News , event coordinator Bob Kayajanian told the Bee it is standard procedure.

29 May 2018
Warriors, Rockets set for Game 7 of Western Conference Finals vs Rockets
Monday's victor will celebrate, then get ready to host the Cavaliers in Game 1 of the NBA Finals on Thursday night. But as they've done so often during this current dynasty, the Warriors erupted in the third quarter.

29 May 2018
Russian billionaire Abramovich gets Israeli citizenship
Even before moving to Israel, Abramovich was a frequent visitor to the country . A spokesman for Abramovich also declined to comment on the report.

29 May 2018
Doug Ford involved in sale of fake Tory memberships in 2016: Liberals
But the party made a decision to allow Kinga Surma to remain as the candidate, the source said. Ford denied Martino's allegation that he followed her home.

29 May 2018
Nicki Minaj Defends Drake in Pusha-T Beef
This week, both Drake and Pusha took shots at one another on social media. "Hey man, I think it's great", he responded. It seems like Quentin Miller will forever be linked to Drake's alleged ghostwriting fiasco.

28 May 2018
Trump Is ‘Boiling the Frog’ With His Attacks on DOJ, Critics Say
"Which is where I think, if they're sneaky, they're going", Giuliani speculated about Mueller's team. Trump's legal team with information about an investigation that potentially implicates the president.

28 May 2018
Hero climbs Paris building to save dangling toddler
The video, filmed in the capital's 18th Arrondissement, shows him climbing four stories in just seconds to reach the child . The Mayor of Paris , Anne Hidalgo also praised the man's bravery.

28 May 2018
Heat Breaks Two Long-Standing Records Over Memorial Day Weekend
The cloud cover will be thicker Tuesday and there is even the chance for an isolated shower in the afternoon. We have another extremely hot day coming on Tuesday with projected highs around 95.