Petrol price crosses Rs 90 per litre in Maharashtra

11 September, 2018, 12:26 | Author: Sally Reid
  • What After Decriminalising Homosexuality

Amidst protests and national bandh by the opposition parties on Monday, the Telugu Desam Party government in Andhra Pradesh, an ally of BJP-led NDA government till March, has announced slashing the petrol and diesel prices by Rs 2 a litre.

On Monday, the ruling Bharatiya Janata Party termed the hike in petroleum products as a "momentary difficulty" owing to an worldwide crisis after the Opposition parties in the country observed a Bharat Bandh, to protest the skyrocketing fuel prices. In Vijayawada, petrol is selling at Rs 84.85 per litre and diesel is priced at Rs 78.16 per litre on Tuesday. The percentage increase was 20.5.

Fuel prices continue to soar and on Saturday, petrol price for the first time crossed the Rs 85 mark in the city.

Similarly, it has also shared the increase in diesel prices and the percentage hike in 2004, 2009, 2014 and 2018 respectively.

The petrol price in Delhi has now shot up to Rs 80.73 per litre while diesel, too, touched a high historic high of Rs 72.83 a litre as oil prices in the worldwide market continue to rise and the rupee weakens.

Former US presidential advisor sentenced to 14 days in prison
And, the prosecutors add, Papadopoulos has been hard for them to handle since he was arrested in July 2017. Papadopoulos admitted that he lied to FBI investigators when they interviewed him on January 27, 2017.

Meanwhile, the rupee dropped by around 94 paise to reach a record low of 72.67 to the dollar due to a strengthening dollar and a widened current account deficit.

AP now levies around Rs 4 a litre of value added tax on petrol and diesel, earning around Rs 2,240 crore a year through state taxes on fuel.

However, many feel that by attributing the price hike only on global factors must be taken with a pinch of salt, the BJP government is trying to shrug away its own responsibility of bringing fuel prices under the ambit of the Goods and the Services Tax (GST).

AIMTC's Gupta adds, "If they wish they can make our lives easier, now the small farmers are failing to cope with the price revisions every day, we are heavily reliant on this fuel, the changing prices not being put under a uniform ambit are hurting us the most, there has to be a rollback urgently". Union Petroleum Minister Dharmendra Pradhan also attributed the hike in fuel prices mainly to rupee depreciation.

Maharashtra is among those states where petrol, diesel prices are the highest in India. It is true, what he has done in four years had not happened in 70 years. The tax imposed by the Centre on petrol (including customs and excise duties, and other cesses) is 52.75 per cent, and on diesel is 38.53 per cent.

Recommended:

  • Pittsburgh Steelers won't trade Le'Veon Bell or rescind RB's franchise tag

    Pittsburgh Steelers won't trade Le'Veon Bell or rescind RB's franchise tag

    Watt's left hand and fluttered to a water-logged landing, well short of the crossbar, there was nothing more the Browns could do. Both the interception - and the touchdown - came later in the game when Taylor and the Browns started to open things up.
    Erdogan warns of 'massacre' in Syria's Idlib

    Erdogan warns of 'massacre' in Syria's Idlib

    Erdogan called on Putin and Rouhani to agree to a ceasefire in Idlib, saying such an accord would be a "victory" of their summit. He called on all militants in Syria to disarm and seek a peaceful end to the conflict.
    Nadal 'bagelled' but survives Thiem test to reach semis

    Nadal 'bagelled' but survives Thiem test to reach semis

    Thiem was a straight sets victor over fifth-seed Kevin Anderson to set up a repeat of French Open final, where Nadal triumphed. Moving head-to-head in the thrilling clash, the tie-breaker in the decisive set seemed to be the fitting end of the match.
  • Jon Gruden Finally Opens Up About The Khalil Mack Trade

    Jon Gruden Finally Opens Up About The Khalil Mack Trade

    Green Bay's defense followed that up by forcing a three-and-out. "I think it will be more on what he can do", Coach McCarthy said. Gruden and the Raiders are set to make their 2018 National Football League regular season debut in a couple of hours.
    Ramos not anxious  about Salah backlash

    Ramos not anxious about Salah backlash

    Sergio Ramos insists his "conscience is clear" when it comes to Mohamed Salah ahead of Spain's clash with England on Saturday. In early July, he was named Spain's new head coach after Fernando Hierro stepped down.
    Apple Watch to combat Samsung Galaxy Watch threat with clutch new feature

    Apple Watch to combat Samsung Galaxy Watch threat with clutch new feature

    We have seen a lot of leaked photos of the real things as well as speculative names of what these devices will be called. The recent rumors revealed that there could be one more iPhone with big display inheriting the features from iPhone X .
  • Tesla rocked by latest executive shakeup, Musk's behavior on webcast

    Tesla rocked by latest executive shakeup, Musk's behavior on webcast

    That saga ended with a Friday night announcement in late August, in which Musk said Tesla would remain a publicly traded company. In an Instagram post from the August weekend spent at Musk's residence, Banks claimed the Tesla CEO had taken LSD.
    Serena Williams fined $17,000 for US Open meltdown

    Serena Williams fined $17,000 for US Open meltdown

    This includes $4,000 for a coaching violation, $3,000 for slamming her racket and $10,000 for the supposed "verbal abuse". Mari, who suffered an injury early in her career, is now ranked 367 by the Women's Tennis Association (WTA).
    US Open quarters; Defending champion Sloane Stephens sent packing by Sevastova

    US Open quarters; Defending champion Sloane Stephens sent packing by Sevastova

    It was Stephens through who seemed to have gotten the worst of the distraction. "I just really couldn't get anything to connect". If you do not now have a subscription with Amazon, you can get a free 30-day trial of Amazon Prime by registering an account.
  • Obama's Speech That Broke Tradition, Criticized Trump 'Very Disappointing,' Pence Says

    Obama's Speech That Broke Tradition, Criticized Trump 'Very Disappointing,' Pence Says

    Former President Barack Obama spoke out against President Donald Trump on Friday while speaking at the University of IL . Each of the seven candidates that President Obama campaigned for on Saturday fit that description.
    British Airways travelers' credit card details hacked

    British Airways travelers' credit card details hacked

    IAG said BA is "investigating, as a matter of urgency" the cyber hack and has notified the police and relevant authorities. The airline promised to reimburse any financial losses suffered by customers directly because of the theft of this data.
    Serena Williams reaches 9th US Open final, will face Osaka

    Serena Williams reaches 9th US Open final, will face Osaka

    She represents Japan on the court, but feels in many ways like she represents the best of America and its melting-pot ideals. Open final match on Saturday! And if a person does match her level, because she's Serena, she will step up and she will win.


Popular

GoFundMe Says They Will Give $400,000 to Homeless Veteran
The couple claimed they had spent about half the money on Bobbitt, but stopped giving him cash because he was using drugs. GoFundMe and the law firm representing Bobbitt said he will receive all the money raised for him.

Jose Mourinho big admirer of Wolves star Ruben Neves
They know where I am. "He should be there, but he is doing magic with that other club". The manager has them playing the wrong way for the fans.

Korea Says Korean Leaders to Meet on Denuclearization
Mr Kim made his comments to envoys from Seoul who were in the North to arrange a new leaders' summit later this month. A third summit between Moon and Kim in North Korea is also planned to take place from September 18 to 20.

Brady in the midst of another drive for five — PATRIOTS NOTEBOOK
They wanted to talk about a lot of drama and I'm sure a lot teams have things like that, but ours is just to the 10th degree. Brady seems refreshed with his break away from the team and video ends with Brady saying he wants to play until he's 45.

Sanctions: Trump tells Apple to move production from China to US
But Beijing will struggle to keep responding in kind as it imports less than Dollars 200 billion in United States goods per year. But, they'd also be hit by the threatened 267 billion dollar list.

China’s richest man Jack Ma to retire from Alibaba on his birthday
A devotee of tai chi, he has made references to Chinese martial arts in both business strategy and corporate culture. Alibaba started as a business-to-business marketplace, but had enormous growth when it started selling to consumers.

EPL: Warnock identifies most outstanding player in Premier League
Gomez has directly benefited from Lovren's absence and seized his chance to impress, playing every minute in Liverpool's winning start to the campaign.

Lukaku at the double as United ease pressure on Mourinho
According to reports in Italy , the north London club tried to sign the 21-year-old on deadline day but failed with a £36m bid. Chris Smalling believes that Manchester United have always been soft targets for critics whenever there are any minor lapses.

Tropical Storm Gordon threatens Gulf Coast, hurricane warning in place
Hurricane and storm surge warnings are in effect for George, Hancock, Harrison, Jackson, Pearl River, Stone, and counties. The last hurricane to strike the USA was Nate in October, coming ashore in Biloxi with 75 miles per hour (120 kph) winds.

'That's Not Journalism, That's Clickbait': Gutfeld Slams Anonymous NYT Op-Ed
The excerpts said aides sometimes tried to limit what they saw as damaging behaviour by disregarding his instructions. Trump has spoken and written about the piece several times since its publication Wednesday.