The Tamil Nadu government on Sunday described the Centre reducing taxes on petroleum products as ‘partial’ and said “it is neither fair nor reasonable to expect States to reduce their taxes.” Tamil Nadu Finance Minister Palanivel Thiaga Rajan said the central government had never consulted states when it increased the taxes and that his state … Read more
If petrol price keeps rising by 80 paise a day, it would be costing Rs 275 a litre by November or December assembly elections in Gujarat and Himachal, Samajwadi Party chief Akhilesh Yadav said on Saturday. Yadav made the remark, terming his calculation of probable future prices of petrol as “the mathematics of inflation under … Read more
The United States uses more gasoline than any other nation in the world, and lately Americans have grown concerned about the swift rise in costs at the pump. The White House on Tuesday announced plans to release millions of barrels of oil from strategic reserves in coordination with other nations in hopes of lowering costs. … Read more
Senior Congress leader P Chidambaram on Thursday took a swipe at the BJP over the cut in excise duties on petrol and diesel, saying the results of the 30 assembly and three Lok Sabha by-elections have “produced a by-product”. The government on Wednesday cut excise duty on petrol and diesel by a record Rs 5 … Read more
A day after the Centre slashed the excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively, Shiv Sena MP Sanjay Raut on Thursday said the BJP has to be defeated completely if the fuel prices have to be brought down by Rs 50. Slamming the Centre, Raut, whose party … Read more
Congress leader Rahul Gandhi on Sunday took a dig at the government over the increasing prices of petrol and diesel, alleging that there was “destruction for all” and development of “rising prices”. Tagging a media report which claimed that if the government had not hiked taxes, petrol would have been Rs 66 per litre and … Read more
The Congress on Monday accused Finance Minister Nirmala Sitharaman of “falsely” citing the oil bonds issued by the previous UPA government as the reason for not reducing fuel prices. The finance minister ruled out a cut in the excise duty on petrol and diesel for now, saying the government has to pay for the oil … Read more
Several Trinamool Congress MPs will cycle to Parliament on Monday to protest against the rise in prices of fuel and other commodities, the party said. The party MPs from the Lok Sabha and Rajya Sabha will hold the protest at 10:15 am. They will also hold a dharna at Vijay Chowk. The All India Trinamool … Read more
With relentless price hikes forcing Indian consumers to shell out more and more on fuel, expenses under various other heads are being crowded out. card spending data bears this out, said SBI’s Ecowrap report. As per June data, non-discretionary health expenditure came down significantly to make up for the burgeoning fuel bill. Not just health, … Read more
Trinamool Congress members protested across West Bengal on Saturday against the spiralling fuel prices that are causing hardships for the common people amid the COVID-19 pandemic. Petrol is retailing at over Rs 101 per litre and diesel at more than Rs 92 in West Bengal, while domestic LPG touched Rs 861 per cylinder. The protests … Read more