Petrol Diesel  

Minister of Petroleum and Natural Gas, Hardeep Puri, declared on March 14^th that the Central Government has reduced petrol and diesel prices by Rs 2 nationwide. The prices have come in effect at 6 am today.

 The Uttar Pradesh government is also looking forward to financial assistance from the Central government. So far, the government already took several steps to minimise their expenses.
 

Before the Madhya Pradesh Assembly election, Congress had promised to reduce fuel price by Rs 5. But, due to heavy rains, the state government decided to increase VAT on petrol, diesel and liquor up to 5%.

While petrol and diesel traditionally have been cheaper in Delhi than most states in the country due to lower local sales tax or VAT, the October 5, 2018, cut in the VAT by BJP-ruled states, including UP, resulted in both fuels turning cheaper in places such as Ghaziabad and Noida -- the UP towns that adjoin the national capital.

America had strongly supported India after the Pulwama terrorist attack and expects a similar cooperation from India in dealing with Iran.

During the NDA regime, the average hike in the price of petrol has been far lower than that during the UPA regime.  The average hike in the price of petrol has been 3.25% annually as opposed to a high 11.2% during the 10-year UPA rule

The prices applicable in July, 2018, have been brought back by the Kumaraswamy government in Karnataka and people will have to shell out almost Rs 2 per litre of petrol and diesel additionally henceforth.

 

Petrol prices have been cut by more than Rs 5.49 per litre and diesel by Rs 3.82 in the past one month in Mumbai.

The US on Monday imposed "the toughest ever" sanctions on a defiant Iran aimed at altering the Iranian regime's "behaviour". The sanctions cover Iran's banking and energy sectors and reinstate penalties for countries and companies in Europe, Asia and elsewhere that do not halt Iranian oil imports.

The other five countries that have got relief from America include a surprise entry, China, with which the Donald Trump administration is still negotiating the terms