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Another day, another hike in fuel prices; petrol at Rs 82.16 in Delhi, Rs 89.54 in Mumbai

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On Tuesday, fuel prices continued to rise in various Indian cities with New Delhi recording petrol prices at Rs 82.16 per litre, and Mumbai recording Rs 89.54 per litre.

Diesel meanwhile saw a rise to Rs 73.87 per litre in New Delhi, and Rs 78.42 per litre in Mumbai.

On Monday, Union Petroleum and Natural Gas Minister Dharmendra Pradhan said that petrol and diesel should come under the ambit of Goods and Services Tax (GST).

"I want petrol and diesel to come under the ambit of GST. The GST Council should take a decision on this. State governments are more powerful than the Centre in the GST Council meeting," Pradhan said.

Pradhan was in Jharsuguda to review the preparations ahead of Prime Minister Narendra Modi's visit to inaugurate various infrastructure development projects in Odisha.

Meanwhile, ahead of the festive season, the surge in petrol rates has left consumers scrambling and cutting household expenses to adjust with the price hike, a survey said.

"The festive season is nearing. Everyone wants to spend on gifts and do those much-awaited upgrades of the home appliances. But the roof-touching fuel prices have put a dent in the pre-festive season spirit," citizen engagement platform LocalCircles said in its latest survey.

"It is a big burden on the middle-class Indians and many of them are scrambling and cutting household expenses to adjust with the rising fuel prices," it said.

78 per cent households have plans to reduce or have already reduced their discretionary spending like eating out, leisure travel, movies, shopping etc, the survey said.

The rest said that they will restrict their expenses by spending only on purchase of the basic items.

Earlier on Monday, Karnataka Chief Minister H D Kumaraswamy Monday announced the coalition government's decision to cut petrol and diesel prices by Rs 2 per litre.

The announcement comes in the wake of political pressure building against Kumaraswamy after Rajasthan, Andhra Pradesh and West Bengal governments reduced fuel prices.

Andhra Pradesh Chief Minister N Chandrababu Naidu has cut taxes on fuel by Rs 2 and West Bengal Chief Minister Mamata Banerjee by Re 1.

 

 

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