INDIA
Subramanian Swamy attacks centre, says, "Petrol Rs 93 in ram’s India, Rs 53 in Sita’s Nepal and Rs 51 in Ravan’s Lanka".
Just a day after the Union Budget 2021, Rajya Sabha MP Subramanian Swamy took to Twitter on Tuesday (February 2) to take a jibe at the steep petrol prices in India.
Unhappy with the exorbitant fuel prices.
Swamy tweeted, "Petrol Rs 93 in ram’s India, Rs 53 in Sita’s Nepal and Rs 51 in Ravan’s Lanka".
— Subramanian Swamy (@Swamy39) February 2, 2021
Rising fuel prices has now become a woe for the masses. Petrol prices in Delhi and Mumbai stand at Rs 86.30 and Rs 92.86 per litre respectively while Diesel is priced at Rs 76.48 per litre in the national capital and Rs 83.30 per litre in Mumbai.
While presenting the Union Budget 2021-22, Union Finance Minister Nirmala Sitharaman announced that the Centre has decided to impose an agri cess of Rs 2.5 per litre on Petrol and Rs 4 per litre on Diesel.
"I propose an Agriculture Infrastructure and Development Cess (AIDC) on a small number of items. However, while applying this cess, we have taken care not to put additional burden on consumers on most items," FM Sitharaman said in her Budget speech.
Though Sitharaman clarified that the agri cess will not affect the common people as it will have no effect on the fuel prices.
"Consequent to imposition of Agriculture Infrastructure and Development Cess (AIDC) on petrol and diesel, the Basic excise duty (BED) and Special Additional Excise Duty (SAED) rates have been reduced on them so that overall consumer does not bear any additional burden. Consequently, unbranded petrol and diesel will attract basic excise duty of Rs 1.4, and Rs 1.8 per litre respectively. The SAED on unbranded petrol and diesel shall be Rs 11 and Rs 8 per litre respectively. Similar changes have also been made for branded petrol and diesel," Sitharaman announced.
Sitharaman also proposed agricultural cess on several other goods including a 100% cess on alcohol, 2.5% on gold and silver bars, 17.5% on crude palm oil, 20% on crude soyabean, sunflower oil, 35% on apples and 40% on peas.
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