New Delhi: Fuel prices rose on Sunday with petrol being sold at Rs 81.82 per litre (increase by Rs 0.14) and diesel at Rs 73.53 (increase by Rs 0.29) in national capital. In Mumbai, petrol and diesel was priced at Rs 87.29 (increase by Rs 0.14) and Rs 77.06 (increase by Rs 0.31) per litre respectively. Notably, the prices vary from region to region due to local taxes, as the product is excluded from the GST regime. Delhi has the lowest tax rate among the four metro cities.
The government had on Thursday announced a Rs 2.5 per litre cut in petrol and diesel prices, of which Rs 1.5 per litre is on account of reduction in excise duty and the remaining Rs 1 per litre would be absorbed by oil marketing companies. “Excise duty to be reduced by Rs 1.50 and Oil Marketing Companies (OMCs) will absorb 1 rupee. So, a total of Rs.2.50 will be reduced on both diesel and petrol,” Finance Minister Arun Jaitley had announced. (CLICK HERE FOR LIVE FUEL PRICES ACROSS INDIA)
The Centre had also appealed to the state governments to cut VAT rates. BJP-ruled states like Gujarat, Maharashtra, Uttar Pradesh, Tripura, Assam, Jharkhand, Haryana, Himachal Pradesh and Madhya Pradesh followed suit. However, non-BJP ruled states like Kerala, Karnataka and West Bengal have refused to cut taxes. Following this, Jaitley questioned Congress President Rahul Gandhi and his “reluctant allies” if they are only committed to tweets and television bytes when it comes to giving relief to the common man.
In a Facebook post titled ‘The oil prices and the hypocrisy of the opposition’, Jaitley on Saturday accused the government critics of doing a ‘volte face’ by terming the cut in petrol and diesel prices by Rs 2.5 per litre by the Centre as ‘bad economics’.
“Yet we have a situation where a number of non-BJP non-NDA States have refused to pass on any benefit to the consumer. What are the people supposed to conclude? “Are Rahul Gandhi and his reluctant allies only committed to tweets and television bytes when it comes to give relief to the common man?” Jaitley attacked Opposition.