Petrol price crosses Rs 90 per litre in Maharashtra

Petrol and diesel prices eye century household budgets clean bowled

In New Delhi, petrol price reached Rs 80.73/litre; an increase of Rs 0.23/litre and diesel was at Rs 72.83/litre which is a Rs 0.22/litre hike.

The price of petrol touched Rs 88.26 a litre in Mumbai - an increase of Rs 0.14 a litre compared to Monday, reported ANI. 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). Fuel prices in Delhi are the cheapest among all metros and most State capitals due to lower taxes. Diesel prices in the three cities were also raised today to Rs 77.47, Rs 75.82 and Rs 77.13 per litre, respectively. A statement by the Centre of Indian Trade Unions called upon all its members to back the Bandh call against the "unprecedented economic burden being imposed by the BJP-led Modi government on the people".

In response to BJP's data, the Congress party also published its own infograph.

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.

However, Maharashtra Chief Minister Devendra Fadnavis on Sunday said that the state government was working on various proposals to give relief to the people from rising fuel prices.

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Amidst protests and national bandh by the opposition parties on Monday, the Telugu Desam Party government in Andhra Pradesh, an ally of BJP-led NDA government till March, has announced slashing the petrol and diesel prices by Rs 2 a litre.

As fuel prices continued to rise today to record high levels, petrol prices breached the Rs 90 mark in a small Maharashtra town where the price could be the highest in India. The Central government had raised excise duty on petrol by Rs 11.77 a litre and that on diesel by 13.47 a litre in nine installments between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October a year ago by Rs 2 a litre.

West Bengal Chief Minister Mamata Banerjee, who is among the strongest critics of BJP, said she "in principle" supported the issue on which the Bharat Bandh was called but not the bandh.

Law minister Ravi Shankar Prasad on Monday blamed Organization of Petroleum Exporting Countries (OPEC) for the surge in global prices of crude and said that the solution for the fuel price hike in not in government hands.

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