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Brazil to suspend diesel tax; sources say bank tax to be hiked | Money


Tuesday, 02 Mar 2021 12:11 PM MYT
In a video posted to social media yesterday, Bolsonaro said the decree would suspend both the so-called PIS/Cofins tax on diesel and taxes on cooking gas for two months. Reuters pic
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BRASILIA, March 2 Brazilian President Jair Bolsonaro said he would issue a decree today suspending a tax on diesel fuel, a move aimed at placating truckers who threatened to strike, while sources told Reuters the government would hike taxes on banks to offset lost revenue.
In a video posted to social media yesterday, Bolsonaro said the decree would suspend both the so-called PIS/Cofins tax on diesel and taxes on cooking gas for two months. ....

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Immorality Of Policymakers Behind Rising Petrol Prices


Immorality Of Policymakers Behind Rising Petrol Prices
Petrol and diesel prices were deregulated in 2010 and 2014 respectively but it is a case of deregulation over papers only.
Shshank Saurav
2021-02-17T13:59:35+05:30
Immorality Of Policymakers Behind Rising Petrol Prices
outlookindia.com
2021-02-17T14:01:15+05:30
The price of premium petrol has crossed Rs 100 per litre mark in a few cities and a litre of normal petrol is also costing over Rs 90. In Pakistan, people are on roads over the spike in fuel prices and our country too is facing a protest but for a different reason.
Though the Consumer Price Index (CPI)-based inflation rate is within the mandated rate advised to RBI Monetary Policy Committee (MPC) the rise in fuel price has started pinching the common man. The rise in fuel prices has a cascading effect all over the economy but if there is a downward revision in prices, we hardly witness a corresponding price ....

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Petrol diesel price today: Petrol, diesel prices continue to rise for 7th straight day; Check new fuel rates here


Updated Feb 15, 2021 | 07:47 IST
Petrol Diesel Price Rate Today: A litre of petrol now costs Rs 95.46 in Mumbai as compared with Rs 95.21 a litre on Sunday. Diesel is retailing at Rs 86.34 a litre, 30 paise more than yesterday s price.
File photo  |  Photo Credit: BCCL
New Delhi: State-run oil marketing companies (OMCs) on Monday (February 15) increased the retail prices of petrol and diesel prices for the seventh successive day across the country. Following the daily revision in auto fuel rates, petrol prices rose by 23-26 paise while diesel prices went up by 28-30 across four metropolitan cities in the country.
In Delhi, petrol prices climbed to Rs 88.99 a litre as against Rs 88.73 per litre on Sunday while diesel was retailing at Rs 79.35 (29 paise increase) a litre as per data from Indian Oil Corporation website. In the last seven days, the price has gone up by Rs 2.06 per litre for petrol while diesel rate has risen by Rs 2.5 ....

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Petrol, diesel price today | Petrol price crosses Rs 88-mark in Delhi, diesel at new high; check latest fuel rates in your city


Updated Feb 12, 2021 | 07:56 IST
Petrol Diesel Price Rate Today: A litre of petrol now costs Rs 88.14 in Delhi as compared with Rs 87.85 a litre on Thursday. Diesel is retailing at Rs 78.38 a litre, 35 paise more than Thursday s price.
Petrol price crosses Rs 88-mark in Delhi, diesel at new high; check latest fuel rates in your city.  |  Photo Credit: BCCL
New Delhi: Petrol and diesel prices were hiked all over the country on Friday (February 12) for the fourth day in a row. Petrol rate was increased by 26-29 paise a litre while diesel price went up by 34-38 paise a litre across major cities of the country today. Cumulatively in the last 12 days, the price of petrol has gone up by Rs 4.13 a litre while that of diesel has gone up by Rs 4.26 in the national capital. Further, retail prices have not seen a cut in almost 11 months. ....

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