New Delhi: Diesel became cheaper between Paise 19 and 21 throughout the country on Wednesday after cutting the first price in about a month but the price of gasoline remained unchanged, while refilling LPG for household (gas cooking household provided in the cylinder ) To be more expensive by Rs 25 in the second consecutive increase after July 1.
Nominal cutting in diesel prices does not eliminate the fact that the price of high fuel all time continues to burn a large hole in the pocket of people, with gasoline floating above Rs 100 liters almost throughout the country.
The second increase in the price of domestic LPG within 48 days was bound to stretch the household budget further because of the elimination of subsidies since May 2021.
The price of LPG increased by Rs 25.50 per cylinder on July 1.
Cumulative prices increased by Rs 165 per cylinder since Rs 165 per cylinder January 1 and more than doubled since March 2014.
After the latest increase, the ‘subsidized’ LPG ‘domestic now costs Rs 859 per 14.2 kg of cylinders in Delhi, or More than Rs 410 in March 2014.
Similarly, the cost of Rs 859.50 in Mumbai, RS 886 in Kolkata and Rs 875.50 in Chennai.
LPG prices are usually revised in the first every month.
But this time, interestingly, the government managed fuel retailers raised unbearable LPG prices on August 1 but left the domestic refill price unchanged in the ‘encouragement’ of the ministry of oil to avoid rejection against parliament, which in the session.
Like that, the opposition has been urgent for the debate about high oil prices.
There was little hope for a big decline in fuel prices after Minister of Finance Nirmala Sitharaman on Monday overriding a central tax which maintained high pump prices even though Indian crude oil costs had dropped to $ 68.92 per barrel from a height of $ 75 in mid-July when the price of gasoline began hit Rs 100 per liter.
High taxes cause an 88% surge in the mop-up center excise to more than Rs 3 Lakh Crore in 2020-21 even though sales are lower due to pandemic.
Conversely, the income of all countries from the increase in VAT and levies only rose slightly more than 1% to Rs 2,02,937 Crore in the same fiscal.
The center has raised excise assignments of Rs 13 on gasoline and RS 16 on Diesel when oil prices collapsed between March-end and 2020 due to a pandemic.
This encouraged customs for gasoline from Rs 19.98 per liter to Rs 32.98 and from Rs 15.83 to RS 31.83.
The state, including Delhi, also boosted VAT.