Infographic: Petrol at Rs 100
A V-shaped recovery in crude prices and heavy taxes have pushed petrol prices beyond Rs 100 per litre in many cities of Rajasthan and Madhya Pradesh
Amid a pandemic-stricken year, both central and state governments have filled their coffers with tax revenue on petroleum products. Petrol attracts high taxes - a litre of the fuel in Delhi costs Rs 91.17, of which Rs 53.9 is taxes. Ultimately, it s the common man who gets a raw deal. This BusinessToday.In infographic looks at how petrol has been treated as a cash cow by governments in India as well as around the world.
Adding petrol and diesel to GST regime could bring down prices: Nirmala Sitharaman Updated Feb 21, 2021 | 12:11 IST
Currently, the central government levies a fixed rate of excise duty while states levy different rates of VAT. Under GST, the two would merge and bring uniformity. Adding petrol and diesel to GST regime could bring down prices: Nirmala Sitharaman
Amid an outcry over record high petrol and diesel prices, Union Finance Minister Nirmala Sitharaman on Saturday said the Centre and state governments will have to together work out a mechanism to bring retail rates to reasonable levels. As much as 60 per cent of the retail price of petrol, which shot above Rs 100-mark in some places in Rajasthan and Madhya Pradesh and is at an all-time high elsewhere in the country, is made up of central and state taxes. Taxes make up for about 56 per cent of the record high diesel rates. Sitharaman, who had increased central excise duty on petrol and diesel by a
Know all about petrol and diesel price and how are these regulated. Also, know about other domestic fuel prices such as LPG price, kerosene price at business-standard.com.
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The painful surge in fuel prices in India has led to some hilarious memes and videos on Twitter and Instagram
The painful surge in fuel prices in India has led to some hilarious memes and videos on Twitter and Instagram
Rounak JainFeb 18, 2021, 13:24 IST
People getting fuel at a petrol pump.BCCL
Petrol prices have increased by ₹2.34 per litre in the last one week.
Social media users have started sharing memes and trolls against the hike in petrol prices.
Here are some of the funniest memes around the petrol price hike.The petrol prices in India have been increasing over the past few weeks. In the last one week, petrol prices have increased by ₹2.34 per litre. Petrol price has now crossed ₹100 in Madhya Pradesh and Rajasthan. Netizens have been fuming over the petrol price hike and taking potshots at the government on Twitter and Instagram with memes and trolls.