Fuel Prices Relatively Lower In India, Opposition States Have Highest Prices: Government Sources

Author : Dhowcruise
Publish Date : 2022-04-27


Fuel Prices Relatively Lower In India, Opposition States Have Highest Prices: Government Sources

Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country. Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by ₹ 5 and ₹ 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties. Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra ₹ 11,945 crore as compared to states that had cut rates. They further said that while the Centre has lost revenue worth ₹ 1 lakh crore a year due to tax cuts on fuel and states that had cut their own VAT rates have lost ₹ 15,969 crore, the above mentioned Opposition states earned surplus revenue. As far as lower prices in neighbouring countries are concerned, sources pointed out that it could be a result of populist measures taken by their respective governments.

Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country. Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by ₹ 5 and ₹ 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties. Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra ₹ 11,945 crore as compared to states that had cut rates. They further said that while the Centre has lost revenue worth ₹ 1 lakh crore a year due to tax cuts on fuel and states that had cut their own VAT rates have lost ₹ 15,969 crore, the above mentioned Opposition states earned surplus revenue. As far as lower prices in neighbouring countries are concerned, sources pointed out that it could be a result of populist measures taken by their respective governments.Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country. Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by ₹ 5 and ₹ 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties. Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra ₹ 11,945 crore as compared to states that had cut rates. They further said that while the Centre has lost revenue worth ₹ 1 lakh crore a year due to tax cuts on fuel and states that had cut their own VAT rates have lost ₹ 15,969 crore, the above mentioned Opposition states earned surplus revenue. As far as lower prices in neighbouring countries are concerned, sources pointed out that it could be a result of populist measures taken by their respective governments.Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country. Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by ₹ 5 and ₹ 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties. Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra ₹ 11,945 crore as compared to states that had cut rates. They further said that while the Centre has lost revenue worth ₹ 1 lakh crore a year due to tax cuts on fuel and states that had cut their own VAT rates have lost ₹ 15,969 crore, the above mentioned Opposition states earned surplus revenue. As far as lower prices in neighbouring countries are concerned, sources pointed out that it could be a result of populist measures taken by their respective governments.Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country. Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by ₹ 5 and ₹ 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties. Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra ₹ 11,945 crore as compared to states that had cut rates. They further said that while the Centre has lost revenue worth ₹ 1 lakh crore a year due to tax cuts on fuel and states that had cut their own VAT rates have lost ₹ 15,969 crore, the above mentioned Opposition states earned surplus revenue. As far as lower prices in neighbouring countries are concerned, sources pointed out that it could be a result of populist measures taken by their respective governments.Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country. Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by ₹ 5 and ₹ 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties. Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra ₹ 11,945 crore as compared to states that had cut rates. They further said that while the Centre has lost revenue worth ₹ 1 lakh crore a year due to tax cuts on fuel and states that had cut their own VAT rates have lost ₹ 15,969 crore, the above mentioned Opposition states earned surplus revenue. As far as lower prices in neighbouring countries are concerned, sources pointed out that it could be a result of populist measures taken by their respective governments.Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country. Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by ₹ 5 and ₹ 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties. Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra ₹ 11,945 crore as compared to states that had cut rates. They further said that while the Centre has lost revenue worth ₹ 1 lakh crore a year due to tax cuts on fuel and states that had cut their own VAT rates have lost ₹ 15,969 crore, the above mentioned Opposition states earned surplus revenue. As far as lower prices in neighbouring countries are concerned, sources pointed out that it could be a result of populist measures taken by their respective governments.Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country. Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by ₹ 5 and ₹ 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties. Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra ₹ 11,945 crore as compared to states that had cut rates. They further said that while the Centre has lost revenue worth ₹ 1 lakh crore a year due to tax cuts on fuel and states that had cut their own VAT rates have lost ₹ 15,969 crore, the above mentioned Opposition states earned surplus revenue. As far as lower prices in neighbouring countries are concerned, sources pointed out that it could be a result of populist measures taken by their respective governments.Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country. Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by ₹ 5 and ₹ 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties. Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra ₹ 11,945 crore as compared to states that had cut rates. They further said that while the Centre has lost revenue worth ₹ 1 lakh crore a year due to tax cuts on fuel and states that had cut their own VAT rates have lost ₹ 15,969 crore, the above mentioned Opposition states earned surplus revenue. As far as lower prices in neighbouring countries are concerned, sources pointed out that it could be a result of populist measures taken by their respective governments.Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country. Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by ₹ 5 and ₹ 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties. Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra ₹ 11,945 crore as compared to states that had cut rates. They further said that while the Centre has lost revenue worth ₹ 1 lakh crore a year due to tax cuts on fuel and states that had cut



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