Petrol Touches Rs.90.11 In This City

Bharat Bandh declared due to uncontrollable rise in fuel prices

On Tuesday, petrol was being sold at Rs 80.87 and diesel at Rs 72.97 per litre in the national capital of Delhi. President Sanjay Deshmukh told IANS that diesel prices also increased from Rs 77.92 to Rs 78.06 on Tuesday. In Mumbai, the price of petrol rose to Rs 88.26 per litre today - an increase of 14 paise.

AAP leaders staged a protest at Delhi's Jantar Mantar against the fuel price hike.

In the 13 days between August 29 and September 10, petrol and diesel prices have risen daily; in the case of petrol from Rs 81.45 to 84.06, and in the case of diesel from Rs 74.74 to Rs 77.98. Left parties held their own protest in Delhi and several other parts of the country. The nationwide bandh has been called by the Congress over rising fuel prices and depreciation of the rupee.

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.

Though Naidu's ruling TDP didn't announce supporting the protests and national bandh call of the opposition parties led by the Congress, the activists and supporters of TDP were seen participating in the protests against the centre across the state. Also in attendance were former Prime Minister Manmohan Singh and UPA Chairperson Sonia Gandhi. Rajasthan, Tamil Nadu and Assam, all of which have a higher sales tax on petrol, have a lower petrol price than Kerala. Nearly half of the retail selling price of the two fuels is made up of Central and State taxes. Union Minister Ravi Shankar Prasad said: "Everyone has a right to protest but what is happening today?"

Govt rules out excise duty cut as petrol, diesel A cut in taxes on petrol and diesel is ruled out for now as neither the central government nor some states have the appetite to stomach revenue loss from such a move, a top government official.

Meanwhile, the BJP said the hike in fuel prices was a "momentary difficulty" and claimed the shutdown was a complete failure.

Condemning the statement of the union petroleum minister Dharmendra Pradhan that the petroleum prices were increased due to hike petroleum prices in worldwide market and increase in Value-Added Tax by state governments, Naidu said such statements were far from truth and were aimed only to mislead the people.

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