Fuel prices rise again, petrol nears Rs 90 in Mumbai

Fuel prices rise again, petrol nears Rs 90 in Mumbai

Fuel prices rise again, petrol nears Rs 90 in Mumbai

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. President Sanjay Deshmukh told IANS that diesel prices also increased from Rs 77.92 to Rs 78.06 on Tuesday. Diesel was priced at Rs 77.47 per litre in Mumbai on Tuesday. An anonymous government official, quoted by PTI in a news report published Monday, said a cut in excise duty that the central government levies will impact fiscal deficit and states like Bihar, Kerala, and Punjab are not in a position to cut sales tax or Value Added Tax (VAT). The price in other metros are: Delhi - Rs 80.73; Chennai - Rs 83.91; and Kolkata - Rs 83.61. On May 16, 2014, the petrol price was Rs 71.41 which took the percentage increase to 75.8.

Apart from Delhi, various Opposition parties held protest marches across the country.

Addressing the Legislative Assembly, the AP chief minister N Chandrababu Naidu accused the BJP government at the centre for not considering to reduce fuel prices despite earning large sums through various taxes.

The prices being revised on a daily basis are wreaking havoc on the economy, causing the maximum damage to the already weakened sections- farmers, small contractors, truckers and ordinary people, and spurring a call for Bharat Bandh on September 10 by the Left parties, joined in by other opposition parties, including the Congress. "Today he is the Prime Minister and says nothing".

The fuel rates have been on fire since mid-August, rising nearly every day due to a drop in rupee value and rise in crude oil rates.

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While the Bharatiya Janata Party also claimed that the shutdown was "unsuccessful" because people understand the reasons why petrol and diesel prices were going up, the Congress termed the bandh as successful.

Manmohan Singh hit out at the BJP for "miserably" failing to control fuel prices.

The BJP contested the charges and claims made by the Congress and other Opposition parties.

Calling the hike in prices of petroleum products a "momentary difficulty" due to the global crisis, the BJP on Monday condemned incidents of violence during the Bharat Bandh. "Diesel, petrol price rise is out of our hands because oil-producing countries have limited production", Union minister Ravi Shankar Prasad said.

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