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Petrol, Diesel Prices In India: Poor Frontline Workers Hit by Rising Fuel Prices

Petrol, diesel price in India: Rising costs have hit the poor hard
Rizwanudeen, a 37-year old worker who delivers food in Chennai, struggles to pay his rent and loan instalments at the end of every month as he has been hit by the double whammy of higher fuel prices and fewer food orders.
Millions of weekly wage earners like Rizwanudeen who make their living ferrying goods or people throughout India have been hit hard by record high fuel prices which are among the highest in Asia, having risen by a third in the 15 months since the coronavirus first struck the country. ....

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Analysts believe cutting excise duty on petrol, diesel by ₹8.5 per litre will not affect revenues

Analysts believe cutting excise duty on petrol, diesel by ₹8.5 per litre will not affect revenues
Updated Mar 04, 2021 | 14:00 IST
Petrol and diesel prices hover at a historic high following a relentless increase in rates over the past nine months. There have been calls to the government reduce excise duty to ease consumer pain.
Analysts believe cutting excise duty on petrol, diesel by ₹8.5 per litre will not affect revenues
The government has room to cut excise duty on petrol and diesel by up to Rs 8.5 per litre without impacting its target for revenue from the tax on the two fuels, analysts said. ....

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Infographic: Petrol at Rs 100- Business News

Infographic: Petrol at Rs 100
A V-shaped recovery in crude prices and heavy taxes have pushed petrol prices beyond Rs 100 per litre in many cities of Rajasthan and Madhya Pradesh
Amid a pandemic-stricken year, both central and state governments have filled their coffers with tax revenue on petroleum products. Petrol attracts high taxes - a litre of the fuel in Delhi costs Rs 91.17, of which Rs 53.9 is taxes. Ultimately, it s the common man who gets a raw deal. This BusinessToday.In infographic looks at how petrol has been treated as a cash cow by governments in India as well as around the world. ....

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Goods and Services (GST) Council Should Consider Rationalisation Of Slabs, Bring Petrol Under GST: Finance Minister Nirmala Sitharaman

Centre and states should talk to lower fuel prices, said the Finance Minister
The Union Budget sets India in right direction where the government only facilitates businesses with minimum regulation, Union Finance Minister Nirmala Sitharaman said on Saturday. If we need a welfare state where the poor are attended, where the government intervenes in health and educational sector, then the need for wealth creation also has to be duly recognised, she said at a post- Budget discussion organised by Chennai Citizen Forum. If avenues for earning tax are not widened, then governmental interventions in the health and education sector cannot be expanded, said Sitharaman. ....

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Petrol hits century in Rajasthan, Twitteratti can't keep calm anymore

Petrol hits century in Rajasthan, Twitteratti can't keep calm anymore
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