Fuel prices were put on a dynamic price revision model which means prices of petrol and diesel are revised daily so that the gains of price changes in the national and worldwide commodities markets can be transferred to the consumer.
People in Mumbai on Monday woke up to a nightmare: petrol prices in the Maharashtra capital stood at Rs 80.10 per litre, while diesel rose to Rs 67.10.
The common man, who is now facing the burn of the hike in fuel, is staring at government to control the price hike. According to the Indian Oil website, the price of petrol in Mumbai on Sunday was Rs 79.95 and that in Delhi was Rs 72.08 per litre. In Kolkata and Chennai today, the price of petrol was at 75.09 per litre and Rs 75.06 per litre respectively.
Petrol prices crossed the Rs80-a-litre mark hitting Rs80.10 per litre in Mumbai as state-run oil marketing companies continued to raise fuel prices on a daily basis. "We are hopeful that the GST Council will agree to it shortly", the Petroleum and Natural Gas Minister told reporters in Ujjain.
No. 9 Michigan State basketball at IL : 5 issues to observe
Tonight begins a three-game homestand for the Illini, which just finished a stretch of playing four out of five on the road. Michigan State coach Tom Izzo speaks to the media after the 85-57 win over IN on Friday, Jan. 19, 2018, at Breslin Center.
Tom Brady And Bill Belichick Make It Eight Super Bowls Together
The New England Patriots overcame a 10-point deficit on Sunday to beat the Jacksonville Jaguars and reach the Super Bowl . The Jaguars' secondary could not stop Brady from completing a critical third-and-18 play from the New England 25.
Trailer #2 : Tomb Raider
Now, a new trailer for the film has finally been released, providing more of the story that fans of the franchise could expect. But when she gets there, she must push herself beyond her limits as she journeys into the unknown on a perilous adventure.
Mr. Chidambaram accused the government of squandering windfall gains collected through "massive taxation" on petrol and diesel on "wasteful expenditure".
In Indore, Pradhan rode a bicycle at "Saksham Cyclothon" to send the message of save fuel and environment. The GST panel may consider a proposal regarding this at its next meeting. However it couldn't be taken up for consideration.
Finance Minister Arun Jaitley recently said that the Central government favours bringing petrol products under the GST umbrella, but is looking for consensus with state governments to do the same. The exorbitant cess imposed by certain states, likes Maharashtra, further adds to the cost. We have submitted numerous representations to the government, but it has turned a deaf ear to our pleas, leaving us with no choice but to resort to an agitation.