INDIA
More than a week after the state-owned oil firms ended a 19-day pre-Karnataka poll hiatus on revising fuel prices, petrol and diesel rates have touched record highs. Petrol costs Rs 76.87 per litre in Delhi and diesel costs Rs 68.08 a litre. In last nine days, petrol price has risen by Rs 2.24 a litre and diesel by Rs 2.15.
More than a week after the state-owned oil firms ended a 19-day pre-Karnataka poll hiatus on revising fuel prices, petrol and diesel rates have touched record highs. Petrol costs Rs 76.87 per litre in Delhi and diesel costs Rs 68.08 a litre. In last nine days, petrol price has risen by Rs 2.24 a litre and diesel by Rs 2.15.
Rates vary from state to state depending on the incidence of local sales tax or VAT. The prices in Delhi are the cheapest among all metros and most state capitals.
Both the Centre and states, whose VAT makes up for 20-35 per cent of the retail cost and have gained from the rising oil prices, need to take measures, a senior official said said.
"Some steps to deal with rising oil prices are likely to come this week," he added.
The rupee, which has fallen to 16-month low of 67.97 against the US dollar, is also playing a role in high oil bill, he said.
The central government levies Rs 19.48 a litre of excise duty on petrol and Rs 15.33 per litre on diesel. State sales tax or VAT varies from state to state. Unlike excise duty, VAT is ad valorem and results in higher revenues for the state when rates move up.
While there has been a lot of outrage over the rising prices, some Twitterati have been fuming about old tweets by members of the current dispensation and celebrities who had all raged about petrol and diesel prices during the UPA regime.
Here are some tweets that haven’t aged well:
Don't worry abt petrol , sending u a pic of gobar all u hv to do vit it is make gas. N v hv gobargas http://twitpic.com/1no7hh
— Salman Khan (@BeingSalmanKhan) May 14, 2010
Massive hike in #petrol prices is a prime example of the failure of Congress-led UPA. This will put a burden of hundreds of crores on Guj.
— Narendra Modi (@narendramodi) May 23, 2012
Petrol price hiked again - another blow to the common man from an insensitive Government.
— Sushma Swaraj (@SushmaSwaraj) November 3, 2011
T 753 -Petrol up Rs 7.5 : Pump attendent - 'Kitne ka daloon ?' ! Mumbaikar - '2-4 rupye ka car ke upar spray kar de bhai, jalana hai !!'
— Amitabh Bachchan (@SrBachchan) May 24, 2012
Chidambaram insists GDP would grow in future,but that GDP would mean Gas,Diesel &Petrol- Dr Patra on Zee http://t.co/S0BsWLSA3V via @youtube
— Sambit Patra (@sambitswaraj) February 18, 2014
Petrol price hiked yet again. Aam Aadmi ki UPA sarkar now only works for khaas tel companies!!
— Smriti Z Irani (@smritiirani) November 3, 2011
Another hike in petrol prices !
— Amit Malviya (@amitmalviya) January 15, 2011
@timesofindia when was the last time euphoric corporate sec. has hiked salaries of employees to meet hike in petrol, diesel, food inflation
— Meenakashi Lekhi (@M_Lekhi) September 20, 2012
BJP Press conference on price rise in petrol and DU elections.https://t.co/nA04bd3oss
— Prakash Javadekar (@PrakashJavdekar) September 15, 2013
May ur happiness increase like Petrol Price,May ur sorrow fall like Indian Rupee n May ur joy fill your heart like corruption in India.
— Vivek Agnihotri (@vivekagnihotri) June 24, 2012
I am arrested, While taking part in protest program against Petrol price rise, @ akshardham.
— Mukhtar Abbas Naqvi (@naqvimukhtar) May 31, 2012
Another Petrol Price Hike! Congress is being totally insensitive towards the Public. When will these prices stabilise?
— Shahnawaz Hussain (@ShahnawazBJP) June 15, 2013
Petrol prices hiked for the third time this month. Yet another burden on the common man.
— Vasundhara Raje (@VasundharaBJP) June 30, 2013
कालाधन वापस आये तो पट्रोल 30 रुपये में मिलेगा
— Swami Ramdev (@yogrishiramdev) August 9, 2012
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