Chandrababu Naidu cuts Rs 2 on Value-Added Tax on fuel, blasts YSRC


On Monday, the petrol price was Rs 89.97 and diesel stood at Rs 77.92 in the town with a population of around 3,10,000, around 500 kms east of Mumbai in Marathwada region. All other opposition parties took part in the bandh.

However, the court asked the government to consider an earlier representation pending before it on price rise of petrol and diesel and listed the matter for further hearing on November 16.

A day after Bharat Bandh, petrol prices touched a new-high on Tuesday at Rs 80.87 per litre, and Rs 88.26 per litre in Delhi and Mumbai, respectively, ANI reported.

The Chief Minister said that excise duty on diesel was Rs 3.56 per litre in 2014, and went up to Rs 17.33 by September 2017. They blame the government's unwillingness to cut excise duty for the high fuel prices and consumer burden.

More news: Former Pakistani first lady Kulsoom Nawaz dies

On Monday, opposition parties, led by the Congress, called a nationwide strike against the constant rise of fuel prices and degradation of rupee against USA dollar. In Parbhani in the region, today's retails price is Rs 90.12.

Telangana charges the second highest sales tax/VAT on diesel: 26.01 per cent. Mr Naidu in fact said that the central government had failed to reduce the price of petrol and diesel despite the fall in the price of crude oil in the worldwide market.

Introducing the resolution to cut Value-Added Tax in the Andhra Pradesh Legislative Assembly, Mr Naidu said the price of petrol and diesel had reached its peak with the anti-people policies of the central government over the past four years.

Observing that there were larger economic issues involved when it comes to fuel prices, the Delhi High Court on Wednesday said it can not ask the government to fix the price but directed it to decide the representation of a Delhi-based designer who has filed a PIL seeking direction to the government to fix fair price of petrol and diesel in accordance with the Essential Commodities Act. An increase of $1 a barrel in crude oil price translates to Rs 15.13-billion revenue gain, on an average, to all the major 19 states, the report said.