India needs a more transparent tax structure
In the financial capital Mumbai, petrol continues to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre.
Live news: Reactions come in to the government's unexpected decision to help reduce petrol and diesel prices.
Delhi Deputy Chief Minister Manish Sisodia on Saturday asked the Centre to further slash petrol, diesel prices
The central government reduced excise duty on petrol by Rs 5 and on diesel by Rs 10, and some BJP-ruled states have reduced VAT on the fuels this week
Delhi recorded its poorest air quality in five years the day after Diwali. Fuel pump dealers bleed on sudden excise duty cut on petrol, diesel. Here are the top headlines of the day
Dealers earn a commission of Rs 2.58 a litre on diesel and Rs 3.85 a litre on petrol
Petrol's price rise remained elevated even as it moderated to 22.26 per cent in September from 24.01 per cent in the previous month
According to an official statement, states that reduced fuel prices the most were Karnataka, followed by Puducherry and Mizoram
Chhattisgarh Chief Minister Bhupesh Baghel on Friday demanded that the rates of taxes on petrol and diesel should be brought down to those in force during the UPA government
Congress on Friday called the cut in fuel taxes a 'reaction' of the Bharatiya Janata Party (BJP) to the 'debacle' it suffered in the recently held by-elections to 30 assembly seats in 14 states
Singh on Friday demanded that the Centre should further cut the excise duty on fuel to what it was during the Congress regime in 2014, adding that the move will bring the prices further down by Rs 18
Petrol price has been further reduced by as much as Rs 8.7 per litre and diesel by Rs 9.52 in BJP ruled states and UTs - from Ladakh to Puducherry
Kerala government on Friday reaffirmed its stand that it could not forego the taxes on fuel due to the grim financial situation
Accordingly, the pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Thursday from previous day's level of Rs 110.04 a litre, remains at the same level on Friday.
The prices of petrol and diesel will increase again in the coming months, said energy expert Narendra Taneja on Thursday.
"It is a confirmation of our charge that fuel prices are high mainly because of high taxes," he said
With revenues set to exceed the annual target by Rs 2 trillion, a softer revenue loss that boosts consumption will provide immense relief, especially to lower income households
The BJP on Thursday said that the Mamata Banerjee government should reduce VAT on fuel
The senior Congress leader on Thursday took a swipe at the BJP