BJP-ruled Maharashtra breaks new record: Highest petrol price in India

BJP-ruled Maharashtra breaks new record: Highest petrol price in India

"Petrol and diesel are essential commodities and the respondent/government is failing in its duty to discharge its obligation under Section 3 (1) of the (Essential Commodities) Act and have indirectly given implied consent to oil companies to increase the prices of petrol and diesel at their own whims and fancies", the petitioner, Pooja Mahajan, has said in her public interest litigation.

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.

In a masterstroke and timely decision, Chandrababu Naidu has cut down the excise duty of AP state government on the fuel prices.

Fuel prices in Delhi are the cheapest among all metros and most state capitals due to lower taxes.

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"The increase in petrol and diesel prices is likely to give States a windfall gain of around ₹22,700 crore over and above the budget estimates for the current fiscal. Alternatively, a $1/barrel increase in oil prices translates, on average, to a Rs 1,513-crore revenue gain for all the major 19 states", it mentioned. It is believed that that states such as Maharashtra, Madhya Pradesh, Punjab, Tamil Nadu, Andhra Pradesh, Rajasthan and Karnataka have the privilege to cut petrol prices by at least Rs 3 from their existing rates and Rs 2.5 on diesel. The highest price is at the Marathwada region in Maharashtra, where petrol was priced above Rs 90. It stated the largest gain would be in Maharashtra to the tune of Rs 33.89 billion followed by Gujarat at Rs 28.42 billion. The increase pushed the petrol price in Delhi to Rs 80.50 per litre.

The state that charges the maximum sales tax/VAT on diesel - 28.08 per cent - is Andhra Pradesh.

If the States imposed Value-Added Tax on base price (i.e. crude oil + transportation cost + commission), the diesel prices could drop by as much as ₹3.75 and petrol by ₹5.75, the report said.

At a time when many opposition parties have called for a nation-wide bandh to protest the rise of fuel prices, the Andhra Pradesh government has on Monday taken a decision to slash the prices of petrol and diesel by Rs. 2.

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