"There was a technical glitch in posting the selling prices of petrol and diesel on our website". "ONE paisa!?? If this is your idea of a prank, it is childish and in poor taste", tweeted Gandhi.
After a constant hike for over 16 days, petrol and diesel prices have dipped for the first time by 1 paisa. The regulator also recommended Rs8.23 and Rs11.65 per litre increase in the prices of kerosene and LDO respectively. An official said the government may absorb the increase in tax rates to keep the prices unchanged as a departing gift to consumers.
Kerala Chief Minister Pinarayi Vijayan said, "The decision to reduce fuel prices was taken despite the state facing severe financial difficulties". That reduction followed rates touching an all-time high of Rs 78.43 per litre for petrol and Rs 69.31 for diesel in Delhi on Tuesday.
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Fuel prices are based on global rates and also factor in exchange rates. Fuel prices can not go up like this.
"Another second anniversary gift to the people: The sales tax on petrol reduced by 1.69% and diesel by 1.75% in Kerala".
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In Kolkata, the party questioned the TMC's protest against the current fuel prices and asked it to reduce state-level taxes if it was "really serious" about the issue.
The reason behind the increase in petrol prices in the country is the rise in the crude oil cost and high excise duty levied on the particular fuel type. This will cause a revenue loss of Rs 509 crore annually.
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