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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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Centre Should Cut Its Tax On Fuel: Tamil Nadu Deputy Chief Minister

Additional cess and surcharges are being levied by the central government, he said. (File)
Chennai:
The centre should come forward to reduce its tax on petroleum products since the resources for state s own tax revenue is meagre, Tamil Nadu Deputy Chief Minister O Panneerselvam told the Assembly on Saturday.
Mr Panneerselvam, pointing to accusations by the main opposition Dravida Munnetra Kazhagam (DMK) over the interim budget (2021-22), said a flawed view of holding the state government responsible for the petrol and diesel price rise, was being propagated.
There is no iota of truth in such a view, he said, replying to the general discussion on budget. ....

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Excise duty collection jumps 48% this fiscal on record hike in fuel taxes

While the pandemic pummelled tax collection across the board, excise duty mop-up jumped 48 per cent in the current fiscal on the back of a record increase in taxes on petrol and diesel, that more than made up for the below normal fuel sales.
Excise duty collection during April-November 2020, was at Rs 1,96,342 crore, up from Rs 1,32,899 crore mop-up during the same period in 2019, according to data from the Controller General of Accounts (CGA).
This despite the fact that over 10 million tonnes less diesel - the most used fuel in the country - was sold during the eight months period.
Diesel sales during April-November 2020, stood at 44.9 million tonnes as compared to 55.4 million tonnes a year back, according to data from the oil ministry s Petroleum Planning and Analysis Cell (PPAC). ....

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