Chamber of Trade and Industry On Petrol-Diesel Price Hike: There has been an uproar in the country due to the increase in the prices of petrol and diesel four times in 10 days. Modi government is on target of entire opposition including Congress due to increase in cost of petrol and diesel. Here, amidst the rising prices of petrol and diesel, a big statement has come from the Chamber of Trade and Industry i.e. CTI. CTI has demanded to make petrol and diesel cheaper by Rs 10-15. CTI has also given an example along with the fact of making petrol and diesel cheaper by Rs 10-15.
CTI Chairman Brijesh Goyal has written a letter to Union Petroleum Minister Hardeep Singh Puri regarding this. CTI Chairman has appealed to call an emergency meeting of the Finance Ministers of all the states. Goyal has proposed that a flat 5% VAT be imposed on petrol and diesel across the country for the next three months, so that consumers can get relief of Rs 10 to 15 per litre.
The Chamber of Trade and Industry (CTI) has demanded immediate relief in view of this continuously increasing inflation. Brijesh Goyal wrote in his letter – Excise duty on petrol and diesel is the responsibility of the Central Government, but VAT is a state subject, hence the responsibility of providing relief in this time of crisis is not on the Center alone, the states will also have to come forward. There are BJP or NDA governments in 21 states, in such a situation Petroleum Minister Hardeep Singh Puri can easily issue instructions to all the states. He also clarified that if the situation in the international market becomes normal in three months, then the states can review their VAT rates again.
Sky-high difference between states
CTI also shared data from different states
- Telangana- 35.20% VAT on petrol
- Andhra Pradesh- 31% VAT + additional tax
- Delhi- 19.40% VAT
- Whereas in Andaman and Nicobar, due to only 1% VAT, petrol is cheaper and the situation of diesel is also almost similar.
Petrol costlier by ₹ 2.61 and diesel by ₹ 2.71
Let us tell you that petrol and diesel have become expensive again from May 25. Oil companies have increased the prices of petrol and diesel. Petrol has become costlier by ₹2.61 and diesel by ₹2.71. Oil companies have increased the prices of petrol and diesel for the fourth time in 10 days. In this way, petrol and diesel have become costlier by about Rs 8 in 10 days. The new rates have come into effect today i.e. 25th May from 6 am. Petro companies have cited losses due to Iran war as the reason for increasing the prices.
Petrol and diesel prices were increased for the first time on May 15 since the crisis began in the Middle East. Then the prices of both the fuels were increased by Rs 3 per liter. After this, on May 19, there was an increase of about 90 paise per liter. Last Saturday (May 23), oil prices were increased by 87 paise. Now for the fourth time within 48 hours, the price of petrol and diesel has been increased by more than Rs 2. In this way, after increasing 4 times, the price has increased by Rs 7.50 per liter till now.
Rahul Gandhi furious over increase in petrol and diesel prices
Congress MP Rahul Gandhi’s reaction has come to light on the rise in prices of petrol and diesel for the fourth time in 10 days. Furious over the increase in the prices of petrol and diesel, Rahul Gandhi said that Inflation Manav Modi has attacked again. I have been talking about an economic storm coming for months. Inflation: Manav Modi is increasing the prices of petrol and diesel in installments so that it secretly keeps draining your pockets.
Rahul Gandhi wrote on social media X – Inflation is the attack of Manav Modi again. The prices of petrol and diesel are increased in installments – so that your pocket is secretly being cut. I have been talking about an economic storm coming for months. But Modi ji was busy in elections as usual – and as soon as the elections were over, petrol and diesel became costlier by ₹ 8. And, this progress will continue to increase. Attacking PM Modi, Rahul Gandhi said that inflation is the only work of Manav Modi – promises in elections, and attack on the pockets of the public the rest of the time.
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