sachin34357 Posted June 1, 2014 Posted June 1, 2014 http://www.ndtv.com/article/india/diesel-prices-increased-by-50-paise-per-litre-533921 Diesel prices were today hiked by 50 paise a litre, excluding state levies, the second increase in rates three weeks. The monthly hike in price came after several rounds discussions that the new Oil Minister Dharmendra Pradhan held with state-owned oil firms on continuing with the reform initiated by the UPA government. The announcement of the hike gave clear indications that the BJP government will continue with reforms of the previous Congress regime. The UPA had in January 2013 decided to raise diesel prices in small doses of upto 50 paise every month till such time that the subsidy on nation's most consumed fuel is eliminated. The hikes, effective from midnight tonight, are excluding state sales tax or VAT and actual increase will be higher and will vary from city to city, the oil companies announced. Diesel price in Delhi will be hiked by 57 paise after including taxes, to Rs. 57.28 per litre, while it will cost Rs. 65.84 a litre in Mumbai as against Rs. 65.21 at present. Price of diesel were last hiked on May 13 when rates went up by Rs. 1.09 a lite, excluding local levies. That hike which translated into Rs. 1.22 in Delhi after including VAT, made up for rate hikes for two months as government deferred rates in April due to general elections. Before today's increase, diesel prices had risen by a cumulative Rs. 9.55 a litre in 15 instalments since January 2013. "Even after the current increase, under recovery (loss) on retail diesel shall stand at Rs. 2.80/litre," Indian Oil Corp, the nation's largest oil firm, said in a statement announcing the hike. Besides diesel, the oil firms are losing Rs. 32.87 a litre on kerosene and Rs. 432.50 on LPG (per cylinder). "For the year 2014-15, the Corporation is expected to incur under-recovery of around Rs. 53,600 crore on sale of three sensitive products (Industry around Rs. 101,700 crore)," the statement said. Bharat Bandh:protest:
CSK Fan Posted June 1, 2014 Posted June 1, 2014 Yes please attack the poster, thats the best way when there is no reply On topic, fuel price is mostly out of government hands, not much anyone can do
FischerTal Posted June 1, 2014 Posted June 1, 2014 Yes please attack the poster, thats the best way when there is no reply On topic, fuel price is mostly out of government hands, not much anyone can do im not the one who changed IDs :cantstop:
Stuge Posted June 1, 2014 Posted June 1, 2014 hmm.. Diesel prices are now market driven .Govt doesn't have much to do with it now .
sachin34357 Posted June 1, 2014 Author Posted June 1, 2014 o3iW7dnCMlg Prakash Javadekar increase in diesel price would lead to overall price rise
sachin34357 Posted June 1, 2014 Author Posted June 1, 2014 eg-IbdmVpa8 diesel price hike would affect farmers the most: Narendra Modi
diga Posted June 2, 2014 Posted June 2, 2014 Yes please attack the poster, thats the best way when there is no reply On topic, fuel price is mostly out of government hands, not much anyone can do diesel prices have been increasing by 50 paise every month for the last 1 year... so if the poster highlights only this,naturally people will question his credibility. Modi made it an election issue & lets see after 3 months.
rkt.india Posted June 2, 2014 Posted June 2, 2014 Why not reduce the taxes. Every hike means added taxes. There are already a lot of taxes on petroleum products.
rkt.india Posted June 2, 2014 Posted June 2, 2014 Keep a certain rupees of tax, which shouldn't inflate, no matter what the price is.
Stuge Posted June 2, 2014 Posted June 2, 2014 Keep a certain rupees of tax' date=' which shouldn't inflate, no matter what the price is.[/quote'] Agreed !~
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