Bhubaneswar: The price of gasoline has touched the highest of all time of Rs 106.77 per liter, while Diesel has touched Rs 103.15 per liter after another fresh increase on Sunday, giving rough shocks to the grade that has been burdened.
“I have stopped using my car to reduce my expenses.
Last week, I bought gasoline for Rs 103 per liter, and today, this is Rs 106.77 per liter.
For commuting every day, I need about a liter of gasoline.
My monthly on gasoline has increased the last three years, but my salary has diminished to be half because of a pandemic, “said Sudarshan Balis, a marketing executive at a real estate company.
While the center has quoted the increase in crude oil prices in the global market as a reason for the increase in petroleum products in India, the state has not taken steps to reduce the VAT.
“Retrying VAT Absolut Instead of the percentage of VAT with basic prices can maintain the price of relatively lower fuel, even if the base price of crude oil rises.
Any increase in VAT imposed by the state government is forwarded to consumers, and taxes consist of around 70% of The retail price of gasoline and diesel, “said Prasant Kanungo, a manager at the City Fuel Center.
The Odisha government collects 32% and 28% of the PPN each on gasoline and diesel.
The body of the country in the country has urged the state to reduce VAT on fuel, but the appeal has been in vain.
In October alone, the price of gasoline and diesel increased by Rs 4.15 and Rs 4.70 per liter respectively.