BJP-ruled Maharashtra breaks new record: Highest petrol price in India

BJP-ruled Maharashtra breaks new record: Highest petrol price in India

The price of diesel increased by 15 paise; it is now Rs 77.47 per litre.

AP now levies around Rs 4 a litre of value added tax on petrol and diesel, earning around Rs 2,240 crore a year through state taxes on fuel. In a span of one week, prices of petrol and diesel have gone up by Rs 1.65 a litre and Rs 1.92 a litre, respectively. The percentage increase was 20.5. (Delhi - Rs 72.83; Mumbai - Rs 77.32; Chennai - Rs 76.98; Kolkata - Rs 75.68.) The petrol price on September 10 is Rs 84.06 a litre, which is higher than in all metros except Mumbai (where the price is Rs 88.12 on the day.). Here is the case of petrol: from Rs 9.20 a litre it shot up to Rs 19.48 per litre for petrol. Till May 31, when the LDF government effected a slight cut in the sales tax on petrol and diesel, Kerala's was the sixth highest sales tax levy on both petrol and diesel.

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 cut was based on the prices prevailing on May 30. Fuel prices have been hitting record highs due to the falling rupee and high global crude prices.

State-owned oil firms had in June a year ago discarded the policy of changing fuel rates on the first and 16th of every month, and resorted to daily price revision instead. Nearly half of the retail selling price of the two fuels is made up of Central and State taxes. BS Photo by Kamlesh Pednekar Hike in petrol price on the day oppn parties protesting shows govt's insensitivity: Akhilesh Samajwadi Party supremo Akhilesh Yadav said hike in prices of petroleum products on the day opposition parties staged "Bharat Bandh' shows government's "insensitivity" towards common people. Who is responsible?" BJP President Amit Shah also met Union Minister Dharmendra Pradhan to discuss the rising fuel price issue. "If taxes are cut, prices will decline significantly". 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%. Mumbai has the highest Value-Added Tax of 39.12 per cent on petrol, while Telangana levies the highest Value-Added Tax of 26 per cent on diesel.

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