Petrol Diesel Price  

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.

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%.

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 government revised the prices last week. After the revision, petrol is being sold at Rs 82.48 per litre, while diesel rates have escalated to Rs 74.90 in the national capital.

In Karnataka, petrol is cheaper by Rs 2.93 and diesel by Rs 5.07 than Kerala. In fact, upper Talapady falls under Kerala, where the petrol diesel price is Rs 85.22 and Rs 78.80 respectively but in Karnataka, it is Rs 82.29 and Rs 73.73.

 
 

Maharashtra's VAT rate is 39%, Karnataka's stands at 30.28% and Delhi 27%. Mumbai, therefore, has the highest price for petrol since State VAT is at 39.12%. 

Though Chief Minister Kumaraswamy has reduced the prices of petrol and diesel by Rs 2, in reality, he has reduced only 0.46 paise. Watch the video to know how.

HD Kumaraswamy has come under pressure after other non-BJP states like Andhra Pradesh and West Bengal have reduced fuel prices.

Bharat Bandh brings public transport to a halt in States like Karnataka and Tamil Nadu in the south. Congress to protest increase in petrol and diesel prices.

HD Deve Gowda and Karnataka's chief minister HD Kumaraswamy will be leaving for Delhi to discuss the increase in fuel price.

 Makkal Needhi Maiam President, Kamal Haasan also points to the rise in petrol and diesel prices