@petrol price - The Purbottar

17 Aug

Fuel pricing: Finance minister Nirmala Sitharaman blames UPA’s oil bonds

editor0 CommentsBusiness@petrol price, Nirmala Sitharaman

The government would have easily given relief from high oil prices if it did not had to bear the cost of oil bonds that the previous government had issued to companies, Finance Minister Nirmala Sitharaman told reporters today.The United Progressive Alliance (UPA) government under former Prime Minister Manmohan Singh had issued oil bonds - or instruments in lieu of cash subsidy to oil marketing companies - that are up for redemption now. "If I had not incurred the UPA's oil bonds worth over Rs 1. 4 lakh crore, I would have given relief from petroleum prices," Ms Sitharaman said, explaining…

Mamata writes to PM Modi, urges him to reduce taxes on petrol and diesel

editor0 CommentsWest Bengal@petrol price, Mamata Banerjee, Narendra Modi

Expressing concern over the rising fuel prices, West Bengal Chief Minister Mamata Banerjee on Monday wrote to Prime Minister Narendra Modi urging him to lower the taxes charged by the Centre on petrol and diesel "to check the overall inflation" in the country. Noting that petrol and diesel prices were hiked eight times since May, of which six times were in June alone, she said the fuel price hike have adversely affected common people and directly impacted the inflation in the country. "I would like to draw your attention to the government of India policy which has brought great distress…

Continuous rise in Petrol and Diesel price

editor0 CommentsBusiness@petrol price, #diesel price, #fuel price, #fuelprice, #petrolium

In this pandemic situation the price of petrol and diesel raised again. Among major metros, Mumbai has the highest fuel rates. While petrol is sold at ₹98.88 per litre ( which is nearly ₹100.00) in the financial capital of India on Sunday, diesel is sold at ₹90.40 a litre. Even as fuel rates in Delhi are taken as the benchmark for the entire country, retail prices of these two fuels differ from place to place because of variations in state freight charges, local taxes, VAT and other local levies. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and…