Petrol down by Rs 4.37/litre, Maharashtra to cut diesel rates: CM

Arun Jaitley,Fuel price hike,Finance minister

Arun Jaitley,Fuel price hike,Finance minister

In Kolkata, the petrol price was Rs 83.35 per litre while that of diesel was Rs 74.80 this morning.

This year alone, petrol and diesel prices have been hiked by Rs 13.91 and Rs 15.59 respectively in the national capital.

The three private firms had shut fuel stations in 2008 when they could not compete with what was then highly subsided petrol and diesel prices.

Since April this year, prices of petrol and diesel has witnessed a steep upswing, baffling consumers all over the country.

Assam Finance Minister Himanta Biswa Sarma, on Thursday announced a total cut of Rs. 5, on petrol and diesel in Assam thereby bringing down the price for petrol to Rs. 81.50 a litre and that of diesel to Rs. 73.91 a litre.

"Respected Modi ji, the common man is very distressed over skyrocketing prices of petrol and diesel". "Apart from tax reduction in oil companies, if we also include a cut in other taxes, there would be an overall reduction of Rs 3 on fuel", dealers said. Chandigarh has reduced the fuel prices by Rs 1.50.

Victor takes the NL West: Previewing Dodgers, Rockies game No. 163
He has been solid in September and has allowed two or fewer earned runs in four of his five starts this month. Jansen recovered however to get the final three outs and wrap up the Dodgers sixth straight divisional title.

Announcing the decision, Finance Minister Arun Jaitley asked the state governments to match the move with a similar reduction in sales tax or VAT.

Kerala Finance Minister Thomas Isaac however, said his government would not cut fuel prices, News18 reported. The governments of Maharashtra, Gujarat, Chhattisgarh, Jharkhand and Uttar Pradesh - all under the rule of the Bharatiya Janata Party - have already said they will do so.

The state of Karnataka, who earlier slashed fuel prices by Rs 2, will not be announcing any more cuts. He said, the centre has allowed oil companies to raise 10 billion dollars through bonds.

Last month, Rajasthan, Karnataka and Andhra Pradesh had reduced Value-Added Tax to cushion consumers for a spate of price increases.

Price of petrol in Mumbai fell by Rs 4.37 per litre to Rs 86.97 per litre.

The year 2015-16 and 2016-17 was the best in terms of revenue generation from oil for the central government.

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