Economy

Hartal byte: Kerala has higher fuel prices than metros

Hartal byte: Kerala has higher fuel prices than metros”

Post the price hike, non-branded petrol was priced at Rs 80.73 per litre in Delhi while diesel costs Rs 72.83 per litre - the highest ever prices recorded in the country's history. The Centre levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel.

Many working families are leaving the national capital due to "illegal" sealing of non-polluting household industries, Delhi Congress president Ajay Maken alleged at the party's "Halla Bol" rally at Trinagar on Sunday.

Amid nationwide strike against the spiralling fuel prices, petrol and diesel rates were hiked again on Monday in metro cities across India.

Explaining the division of levies on state and Centre's fiscal math, the official said that every state collects Value-Added Tax and also gets 42 per cent of the Centre's collections.

The government, he said, anticipates that global oil prices, which together with a drop in the value of rupee has been fuelling the fuel price rise to record levels, will moderate in coming days to take pressure off. Bharat Bandh evokes mixed response in Punjab, Haryana The nationwide call of Opposition-sponsored "Bharat Bandh" against rising fuel prices evoked a mixed response in Punjab, Haryana and Union Territory Chandigarh.

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Similarly, petrol is being sold for ₹83.54 per litre in Chennai and the diesel retail price is ₹76.64 per litre. Since May 2014, the excise duty on petrol has seen a skyrocketing increase of 211%, while the duty on diesel has seen an increase of 443%.

Mr. Maken said the difference between fuel price hikes during the (UPA) regime and the Modi government is that while worldwide crude prices dictated their upward revision, the Modi government used low global crude prices to make windfall gains.

As it stands, the sales tax the state has imposed on petrol is 30.37 per cent, and that on diesel is 23.81 per cent. "Even states like Bihar, Kerala and Punjab are not in a position to cut state levies on petrol/diesel", the official said. The excise duty on petrol was ₹9.2 per litre in 2014 and it has gone up to ₹19.48 per litre.

Rising fuel prices has been cause of grave concern in the country since the past couple of months. The official said the four states which have supported Bharat Bandh collect high taxes themselves. This increased to Rs 16.85 per litre on September 3.



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