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 state government in a release claimed that Karnataka is the first state to reduce sales tax on petrol and diesel
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The Union home minister on Thursday lauded Modi's decision regarding the excise duty on fuel
The Centre had, on Wednesday, made petrol and diesel cheaper by Rs 5 and Rs 10 per litre respectively
A cut in excise duty on petrol and diesel and the ensuing drop in retail selling price of these auto fuels should also help address inflation concerns to some extent, analysts said
Prices differ from state to state, depending on the incidence of local taxes and cost of transportation.
With a hike of 35 paise a litre, the price of petrol in Delhi rose to its highest-ever level of Rs 109.34 a litre. The price of diesel also saw a hike by 35 paise and took the fuel's rate to Rs 98.07
As for Kolkata, the price of petrol is Rs 109.02 per litre, while diesel is Rs 100.49 per litre. In Chennai, petrol and diesel cost Rs 105.43 and Rs 101.59 per litre respectively.
LPG rates were last hiked by Rs 15 per cylinder on October 6, taking the total increase in rates since July to Rs 90 per 14.2-kg cylinder
Petrol and diesel prices were hiked for the fourth consecutive day on Saturday
Petrol and diesel prices on Thursday were hiked by 35 paise per litre each
The fourth straight day of 35 paise per litre hike sent petrol and diesel rates to record highs across the country.
Diesel prices have now increased 19 out of the last 23 days taking up its retail price by Rs 5.95 per litre in Delhi.
Petrol and diesel prices continued to rise across the country for the third consecutive day on Saturday
Petrol and diesel prices on Friday rallied to their highest ever levels across the country, as fuel rates were hiked again by 35 paise a litre.
Petrol and diesel prices were hiked again across the country on Thursday after a pause of two days.Petrol prices increased by Rs 0.35 paise to Rs 104.79 per litre in the national capital while the price of diesel was raised by the same amount to Rs 93.52 per litre.In Mumbai, popularly known as the financial of India, petrol prices were raised by Rs 0.34 to Rs 110.75 per litre, and diesel by Rs 0.37 to Rs 101.4 per litre.Petrol and diesel have been priced at Rs 113.37 and Rs 102.66 respectively in Madhya Pradesh's Bhopal, Rs 105.43 and Rs 96.63 respectively in West Bengal's Kolkata and Rs 102.10 and Rs 97.93 in Chennai respectively.Oil companies started raising auto fuel prices last week. The pause on the prices on October 12 and 13 came after a seven-day consecutive rise.
Petrol and diesel price rise remained paused again on Wednesday much to the relief of consumers faced with an unprecedented increase in auto fuel prices for the past one month
Petrol and diesel prices were hiked across the country for the sixth consecutive day on Sunday.
Lamenting the increase in prices pinching the common man's pocket, the commuters suggested that the government should reduce the taxes imposed on fuels.