Fuel tax cut unlikely as Centre projects Rs 30,000 crore revenue hit

Fuel tax cut unlikely as Centre projects Rs 30,000 crore revenue hit

Petrol price Monday increased by 23 paisa a litre and diesel by 22 paisa a litre, according to the price notification issued by state fuel retailers.

Fuel prices continued to rise on Monday, with the price of petrol touching Rs 88.12 a litre - an increase of Rs 0.23 a litre - in Mumbai, reported ANI. Delhi's state government was receiving Rs 15.68 per litre as VAT/sales tax on petrol sold on April 1.

The central government collected Rs 2,88,442 crore from indirect taxes on crude oil and other oil products in FY18.

CM Chandrababu Naidu announced cut-off in petrol and diesel prices by Rs 2 in Andhra Pradesh, after Vasundhara Raje in Rajasthan on the day nationwide shutdown called by oppositions.

In Kolkata, the price of petrol has been increased to ₹83.27 per litre while the diesel price has gone up to ₹75.36 per litre.

Aaron Rodgers' injury could limit mobility but buoy Packers
Rodgers finished 20 of 30 for 286 yards, including 17 of 23 for 273 yards in the second half. "It's the best thing we do". And what buoying impact could his performance have on the Packers? Rodgers, it seemed, had avoided a major injury.

Explaining the division of levies on state and Centre's fiscal math, the official said that every state collects Value-Added Tax and also gets 42 per cent of the Centre's collections. The price of diesel too rose to an all-time high.

Many working families are leaving the national capital due to "illegal" sealing of non-polluting household industries, Delhi Congress president Ajay Maken alleged at the party's "Halla Bol" rally at Trinagar on Sunday. The benefit of the sales tax reduction, therefore, has worn off, fallen to below 50 paise. A statement by the Centre of Indian Trade Unions called upon all its members to back the Bandh call against the "unprecedented economic burden being imposed by the BJP-led Modi government on the people". Karnataka gets Rs 18.88 on petrol, Rs 12.23 on diesel, Kerala Rs 19.09 on petrol and Rs 14.51 on diesel and Punjab gets Rs 21.81 per litre in taxes on petrol and Rs 10.07 a litre on diesel. At the same time, the diesel prices too marched ahead and was priced at Rs 78.83 per litre.

On September 10, 2018, the price of petrol being Rs 80.73, the percentage hike is 13, said the graphic posted by the saffron party's Twitter handle. The state's share now works out to Rs 23. Nearly half of the retail selling price of petrol and diesel is made up of central and state taxes.

The Centre now levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel.

Related Articles

  • As Hurricane Florence nears Carolinas, 1 million told to evacuate

    As Hurricane Florence nears Carolinas, 1 million told to evacuate

    In South Carolina, mandatory evacuation orders take effect Tuesday at noon in eight counties along the state's 187-mile coastline. Hurricane Isaac - which late Sunday became the fifth hurricane of the season - is heading west towards the Caribbean.

    Donald Trump Coached Omarosa To Go After Joy Behar On ‘The View’

    "But they found out, it's definitely illegal and its illegal from a campaign standpoint, from a campaign financing standpoint". I love Jesus", she said, "But, he thinks Jesus tells him to say things-I'm like, 'Jesus didn't say that.' Scary".
    Judges rule ICC has jurisdiction over Rohingya deportations

    Judges rule ICC has jurisdiction over Rohingya deportations

    Bensouda said it "is not completed until the bullet (fired in one state) strikes and kills the victim (standing in another state)".
  • Intense air raids reported on edge of Syria's rebel-held Idlib

    Intense air raids reported on edge of Syria's rebel-held Idlib

    Delegations from the three countries will be in Geneva on Tuesday to meet the UN's Syria envoy Staffan de Mistura. In the most explicit warning to date, U.S.
    NASA sees Hurricane Florence open an evil-looking eye

    NASA sees Hurricane Florence open an evil-looking eye

    The current forecast track suggests the hurricane will most likely approach North Carolina or SC on Thursday as it gathers speed. A storm with sustained winds of at least 111 miles per hour classifies as a Category 3 major hurricane , according to the NHC .

    USA 'threatens ICC judges with sanctions'

    Similar measures would be taken against any company or state that assists an ICC investigation of Americans, he said. The PLO has been calling on the International Criminal Court to open an investigation into actions by Israel.
  • Nicki Minaj Breaks Her Silence On "Mortifying" & "Humiliating" Cardi B Barney

    Nicki will not be pressing charges against Cardi , after instigated the smack-down and tossing her shoe at her. It's so sad for someone to pin that on me.
    Police chase shuts down airport runway, flights cancelled

    Police chase shuts down airport runway, flights cancelled

    A passenger waited for his flight, in December 2011, during a strike at Lyon-Saint Exupery airport, central France. There, the vehicle rammed through two glass doors at the airport's Terminal 1 to drive onto the runways, she said.
    Olivia Newton-John reveals third secret cancer diagnosis in emotional chat

    Olivia Newton-John reveals third secret cancer diagnosis in emotional chat

    The English-born entertainer has become a fierce advocate for breast cancer screening in the 26 years since her first diagnosis. The Grease star, 69, said she's received radiation therapy and is also pursuing natural remedies, reports Billboard .
  • Dez Bryant critical of Cowboys, wants to sign for Patriots or Redskins

    Dez Bryant critical of Cowboys, wants to sign for Patriots or Redskins

    During the Week 1 matchup between the Cowboys and Carolina Panthers , Bryant took to Twitter to answer an interesting question. The Cowboys cut Bryant this offseason after he had 69 receptions for 838 yards and six touchdowns in 16 games in 2017.
    Rodgers returns from injury, Packers beat Bears 24-23

    Rodgers returns from injury, Packers beat Bears 24-23

    Throws to a tight end in the flat for one yard. "Obviously, Khalil Mack didn't want to play here". He also stripped the ball for a turnover in the red zone off Kizer in the second quarter.
    Edurne congratulates De Gea and tells the haters to shut up

    Edurne congratulates De Gea and tells the haters to shut up

    However, Spain showed at Wembley how far England still have to go before they can count themselves as a serious global force. Shaw set up Marcus Rashford's opener in the 11th minute but Spain scored twice in 20 minutes to secure the victory.