Andhra Pradesh Government Announces Reduction in Petrol, Diesel Prices by Rs 2

Andhra Pradesh Government Announces Reduction in Petrol, Diesel Prices by Rs 2

Andhra Pradesh Government Announces Reduction in Petrol, Diesel Prices by Rs 2

The continuous rise in diesel prices has complicated matters for truckers. One factor, the high level of taxes on the retail price, is a fiscal choice.

In Delhi, the petrol price has been risen to a record ₹80.73 a litre, while diesel price has been increased to ₹72.83 a litre, which is also at a record high, but lowest among the four metros.

Meanwhile, the increase pushed the petrol price in Delhi to Rs 80.38 per litre.

The opposition parties, led by Congress have called a "Bharat bandh" protesting against high fuel prices and accusing the Modi-led government of revising excise duty on petrol and diesel twelve times leading to a sharp spike in their prices.


On the other hand, the diesel costs Rs 75.36, Rs 76.98 and Rs 76.64 in the cities of Kolkata, Mumbai and Chennai respectively.

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.

This is the biggest increase in rates in any fortnight since the daily price revision was introduced in mid-June a year ago. "Midway change in price of fuel derails the economics of transporters", said Mukesh Dave, executive president of Akhil Gujarat Truck Transport Association. "Moreover tax structure is such that VAT on fuel rises with the rise in the price of fuel". Since then, petrol and diesel prices have, overall, gone up by Rs 2.71 and Rs 3.19 respectively.

"Since the central government is not responding on (reducing the) petrol prices, Naidu is doing the exercise to give relief to the public", sources in the TDP said. On top of this, states levy Value Added Tax (VAT) - the lowest being in Andaman and Nicobar Islands where 6 per cent sales tax is charged on both the fuels.

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