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Petrol, Diesel Prices In India: Poor Frontline Workers Hit by Rising Fuel Prices


Petrol, diesel price in India: Rising costs have hit the poor hard
Rizwanudeen, a 37-year old worker who delivers food in Chennai, struggles to pay his rent and loan instalments at the end of every month as he has been hit by the double whammy of higher fuel prices and fewer food orders.
Millions of weekly wage earners like Rizwanudeen who make their living ferrying goods or people throughout India have been hit hard by record high fuel prices which are among the highest in Asia, having risen by a third in the 15 months since the coronavirus first struck the country. ....

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43 hikes & only 4 cuts this year! Fuel prices break all records in India


43 hikes & only 4 cuts this year! Fuel prices break all records in India
Retail prices of petrol have gone up by Rs 10.78 per litre in this year so far, while diesel prices are up by Rs 11.51 per litre. Centre s excise duty today accounts for Rs 32.90 and states VAT for another Rs 21.81 for every litre of petrol in Delhi
Sumant Banerji | June 2, 2021 | Updated 20:57 IST
With petrol prices breaching Rs 100 per litre and diesel also nearing that level, a clamour for a cut in taxes has intensified
KEY HIGHLIGHTS
Petrol prices have crossed Rs 100 per litre in 135 districts in the country
Prices have gone up by 12.5% at Rs 10.78 per litre in petrol and 15.4% at Rs 11.51 per litre in diesel. ....

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Petrol price | Centre assessing if "meaning relief" on fuel prices possible ahead of assembly polls


Updated Mar 05, 2021 | 18:30 IST
ET Now learns that following OPEC and its allies decision, the centre is in a huddle and assessing the impact of rising fuel prices and if any “meaningful relief” can be provided to the common man. 
Centre assessing if “meaning relief” on fuel prices possible ahead of assembly polls 
New Delhi: OPEC and its allies latest decision to not increase supplies in April awaiting more substantial recovery in demand is all set to send the fuel prices in an upward spiral further putting pressure on the central government to provide relief for the common man. 
ET Now learns that following OPEC and its allies decision, the centre is in a huddle and assessing the impact of rising fuel prices and if any “meaningful relief” can be provided to the common man.  ....

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Govt considering cutting taxes on petrol, diesel


Updated Mar 01, 2021 | 21:04 IST
India s Finance Minister Nirmala Sitharaman recently said: I can t say when we will reduce taxes on fuel, but (the) centre and states have to talk to reduce fuel taxes .
Govt considering cutting taxes on petrol, diesel 
New Delhi: India s finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said.
A doubling in the price of crude oil over the past 10 months has contributed to record fuel prices at gas stations in India. But taxes and duties account for roughly 60% of the retail price of petrol and diesel in the country, the world s third biggest consumer of crude oil. ....

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