Petrol touches Rs.90.11/litre in Maharashtra’s Parbhani

11 September, 2018, 12:27 | Author: Corey Lynch
  • What After Decriminalising Homosexuality

Amidst protests and national bandh by the opposition parties on Monday, the Telugu Desam Party government in Andhra Pradesh, an ally of BJP-led NDA government till March, has announced slashing the petrol and diesel prices by Rs 2 a litre.

The prices being revised on a daily basis are wreaking havoc on the economy, causing the maximum damage to the already weakened sections- farmers, small contractors, truckers and ordinary people, and spurring a call for Bharat Bandh on September 10 by the Left parties, joined in by other opposition parties, including the Congress. In Hyderabad, petrol costs Rs 85.75 and diesel Rs 79.37. Petrol dealers said that for the last two weeks, fuel prices have been increasing continuously at least by 20 paise to 30 paise every day. The Centre now levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel. Now, three months after, the prices are Rs 84.06, and Rs 77.98.

Similarly, it has also shared the increase in diesel prices and the percentage hike in 2004, 2009, 2014 and 2018 respectively.

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




Bharatiya Janta Party (BJP), in defense of the rising angst against high fuel prices, released an infograph on Monday showing how the percentage growth of increase in diesel prices has been lower as compared to United Progressive Alliance's (UPA) time (2004-14). 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". Nearly half of the retail selling price of the two fuels is made up of Central and State taxes. 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%.

This is the biggest increase in rates in any fortnight since the daily price revision was introduced in mid-June previous year.

Nonetheless, given the transportation cost, the fuel prices in Kerala are higher than even states where there is a higher sales tax. It is true, what he has done in four years had not happened in 70 years. Rajasthan had also reduced the taxes on both, diesel and petrol.

Recommended:

  • Hurricane Florence, Helene, Isaac in the Atlantic

    Hurricane Florence, Helene, Isaac in the Atlantic

    That means sustained winds of at least 130 miles per hour and expectations of catastrophic damage, the hurricane center says. The center of Florence was located about 1 100km southeast of Bermuda , the NHC in its 03:00 GMT on Monday advisory.
    Zinedine Zidane confirms coaching return amid Manchester United link

    Zinedine Zidane confirms coaching return amid Manchester United link

    He has a good personality but not for United - they should have [Pep] Guardiola as coach". "He should be there, but he is doing magic with that other club".
    Trudeau Threatens Relationship With The U.S.

    Trudeau Threatens Relationship With The U.S.

    All throughout NAFTA talks, the issue of supply management in the Canadian dairy industry has been a sticking point. The fall in the value of the Canadian dollar comes at a tough time for Canada and its traditional allies.
  • North Korea uses 70th anniversary to push economy, not nukes

    North Korea uses 70th anniversary to push economy, not nukes

    Biegun's visit comes at a crunch time as South Korea's latest push for the North's denuclearization seems to be gaining traction. The North Korean leader and Mr Trump appeared to strike a deal to denuclearise the Korena peninsula earlier this year.
    Ex-Trump Campaign Adviser George Papadopoulos Sentenced to 14 Days In Prison

    Ex-Trump Campaign Adviser George Papadopoulos Sentenced to 14 Days In Prison

    He also gave Papadopoulos a year of supervision, 200 hours of community service, and fined him $9,500 (Rs 6,85,000). In that testimony, Sessions said he resisted the idea of any Russian Federation meeting proposed by Papadopoulos.
    Tropical Storm Gordon threatens South Florida | Columbus Ledger-Enquirer

    Tropical Storm Gordon threatens South Florida | Columbus Ledger-Enquirer

    With strong winds pushing against the coast, there is the concern of a 3-5 foot storm surge in Alabama, Louisiana and Mississippi. The last hurricane to strike the US was Nate last October, coming ashore in Biloxi with 75 miles per hour (120 kph) winds.
  • Healed and revamped, Texans ready to take on Brady, Patriots

    Healed and revamped, Texans ready to take on Brady, Patriots

    It's (expletive) going to be hard to do. "I think I'm seeing there's definitely an end coming". "Once you stop, you're done". Dont'a Hightower, Rob Gronkowski and Duron Harmon were all captains a year ago , but weren't re-elected.
    Singer Ariana Grande blamed by internet trolls for ex-boyfriend's death

    Singer Ariana Grande blamed by internet trolls for ex-boyfriend's death

    In May, he was arrested for driving under the influence and hit and run when he wrecked his auto by crashing into a utility pole. Miller's real name was Malcolm McCormick and he was born in Pittsburgh, Pennsylvania on January 19, 1992.
    Alibaba co-founder Jack Ma to retire

    Alibaba co-founder Jack Ma to retire

    Alibaba made its debut on the New York Stock Exchange in 2014, which remains the largest initial public offering (IPO) in history. It also hold stakes in several Chinese media companies, including the microblogging site Weibo.
  • Jack Ma to hand Alibaba's helm to CEO Daniel Zhang next year

    Jack Ma to hand Alibaba's helm to CEO Daniel Zhang next year

    Image copyright Getty Images Image caption Jack Ma says he wants to return to education because this is what he "loves to do". But on Sunday, a spokesman for Alibaba denied he was ready to retire in the South China Morning Post , which is owned by Ma.
    Homeless Samaritan will get cash; couple under investigation

    Homeless Samaritan will get cash; couple under investigation

    TV news footage showed D'Amico whiffing a golf club on the lawn as officers carried boxes of evidence out of his house. WPVI reports investigators searched a BMW in the driveway of the New Jersey home of Kate McClure and Mark D'Amico.
    Obama campaigns for Democratic congressional candidates in California

    Obama campaigns for Democratic congressional candidates in California

    At a fundraiser in North Dakota, the USA president told a crowd of supporters: "I watched it, but I fell asleep". Responding to Obama's address, Trump said he had fallen asleep listening to it.


Popular

Trump threatens tariffs on all imports from China
Then last month, the escalating trade war moved up a gear when the USA brought in a 25% tax on a second wave of goods worth $16bn. China has responded to the tariffs on $200 billion by saying it will retaliate with tariffs on $60 billion.

Packers’ Aaron Rodgers injured, leaves games on cart
Rodgers was carted off the field in the first half after a knee injury, and the Bears built a 20-0 lead to take into halftime. Khalil Mack will be in Green Bay on Opening Night, but his stay there won't be as long as many Packers fans had hoped.

Naomi Osaka pays tribute to 'idol' Serena as US Open showdown looms
Osaka , 20, is the first Japanese woman to reach a Grand Slam final, where she'll be taking on 23-time major victor Williams. The world number 26 has raised quite a few eyebrows with the level of tennis she had been playing over the last few months.

Trump warns of tariffs on another $267 billion of Chinese imports
However, Chinese government advisers are tamping down expectations either occasion will yield measures that could defuse tensions. The company said on its website that it spent over $50 billion for goods purchased from US suppliers previous year .

Elon Musk smoking weed is now a meme
This brings the company's stocks down more than 30 percent from their all-time intraday high of $389.61. Musk added: "I'm not a regular smoker of weed - nearly never".

Wembley Perfect Venue For My Debut As Spain Coach
Players have been told to attend all team meals and not to bring smartphones when they are going to eat. The strategy board game is said to have been one of the things the squad played during the World Cup.

Refugee calamity feared as battle for Syria's Idlib looms large
But regime backers Russian Federation and Iran have sworn to wipe out "terrorists", and Assad has declared his determination to retake control of the entire country.

Jose Mourinho 'gets suspended jail sentence' for tax fraud
I knew this was going to be hard because I knew that last season was going to be very, very hard ". Spanish tax authorities allege the Manchester United manager owed 3.3 million euros ($3.8m).

Rafael Nadal outlasts Thiem in 5-set US Open thriller
The second 2018 US Open Men's Quarterfinals tennis match tonight pits top-ranked Rafael Nadal again Dominic Thiem (9) on ESPN TV. Del Potro beat John Isner in a match that played out as most people expected. "Forever I'm going to remember this match".

Trump says New York Times article is "horrible"
But journalists at other papers suggested that the piece by the anonymous official was simply too remarkable to ignore. He added that he thought it was wrong of the Times not to identify the piece's author.