The governments of six non-BJP ruled states of the country have not reduced the Value Added Tax (VAT) on petroleum products. Due to this, petrol and diesel are expensive in these states. These six states are West Bengal, Tamil Nadu, Andhra Pradesh, Telangana, Kerala and Jharkhand.
Union Petroleum Minister Hardeep Singh Puri said this in the Lok Sabha today amid protests by the opposition regarding the costlier petroleum products. Puri said that the central government reduced excise duty on petroleum products. After that some other states reduced VAT on their part, but six states did not reduce VAT.
Still the prices are low in the country
Even after the expensive petrol in the country, Minister Puri said that India is one of those countries where its prices are still the lowest. He informed that the country's oil marketing companies have incurred a loss of Rs 27,276 crore due to high crude oil prices in the world market.
Opposition MPs put pressure on state governments
Puri asked the opposition MPs to put pressure on their state governments to reduce VAT. The country imports more than 85 per cent of its crude oil requirement. Therefore, the prices of petrol and diesel in the country are linked to their prices in the international market. He said the retail prices of petrol and diesel depend on the crude purchase price, exchange rate, shipping charges, inland freight, refinery margin, dealer commission, central taxes, state VAT and other costs.
Crude oil costlier by 102 percent, yet prices increased by 18 to 26 percent in India
The Petroleum Minister said that between November 2020 and November 2022, the average price of crude oil has increased by 102 percent (from $ 43.34 to $ 87.55). But, the cost price of petrol and diesel in India has increased by only 18.95 per cent and 26.5 per cent respectively.
Prices not increased since April 6
Puri said that despite the record prices of crude oil in the world market, the government oil marketing companies have not increased the prices of petrol and diesel since April 6. Due to this, three companies IOCL, BPCL and HPCL have suffered a loss of Rs 27,276 crore in the first half of the current financial year 2022-23 as compared to a profit before tax of Rs 28,360 crore in the first half of the financial year 2021-22.
The central government reduced excise duty twice on 21 November 2021 and 22 May 2022. This resulted in a reduction of Rs 13 and Rs 16 per liter in the price. Some states and union territories also reduced VAT rates on petrol and diesel after the Centre's tax cut.
the opposition walked out
Dissatisfied with Petroleum Minister Puri's reply, members of opposition parties Congress, DMK, TMC and NCP walked out of the House.
Champions Trophy: England announced the playing eleven for the match against Australia, A strong batsman made a comeback
The England cricket team has announced its playing XI for its first match of the Champions Trophy 2025. The match will be played against Australia at the Gaddafi Stadium in Lahore on 22 February.
Kolkata Doctor Case: SC to hear rape-murder case today, apex court may expand the scope of judicial investigation
The Supreme Court will hear the case of rape and murder of a trainee doctor at Kolkata's RG Kar Medical College and Hospital today. The apex court has taken suo motu cognizance of the case of rape and
Sarafaz Khan: Sarfaraz Khan celebrated after scoring a century, got a 'standing ovation' from the dressing room, video goes viral.
Sarfaraz Khan hit a brilliant century in the first Test against New Zealand being played in Bengaluru. He completed his century in 110 balls. Sarfaraz hit 13 fours and 3 sixes till he scored the
Who is Nitish Reddy: Father's sacrifice and struggle made his son a superstar cricketer, know who is Nitish Reddy
IPL has given many new cricket stars to the world. This league has given India many superstars like Ravichandran Ashwin and Hardik Pandya, while other countries including Australia have also benefited
Pakistan: Pakistan was rocked by an explosion on Mohammad Ali Jinnah's birthday, five were killed; 12 people were injured
Five soldiers, including a captain, were killed and 12 civilians were injured in multiple explosions in Pakistan's Balochistan province on Sunday. The News International newspaper reported in its
Not only the border, but China is also a big challenge in front of India on the trade front.
In the year 2020, after the skirmish of the Indian Army with the Chinese forces in the Galvan Valley of Ladakh, on 9 December, once again there was a serious confrontation between the soldiers of
Corona threat in the world: 5th wave of epidemic in Britain, UK will not release daily case report like China
The 5th wave of Corona epidemic has knocked down Britain. Britain's National Health Authority has refused to give daily reports of corona cases from January 2023. Health authority says that corona has
Rahul Gandhi's Birthday: When Rahul Gandhi had to face two biggest tragedies in his life
Happy Birthday Rahul Gandhi: Today is the birthday of Rahul Gandhi, son of late Prime Minister Rajiv Gandhi and former Congress President Sonia Gandhi, grandson of India's first woman Prime Minister
Roaring rally of farmers in Delhi today: Bharatiya Kisan Sangh will protest against the non-fulfillment of demands, and farmers will gather from all over the country
Bharatiya Kisan Sangh (BKS) will protest against the central government at Delhi's Ramlila Maidan on Monday in protest against not fulfilling its demands. This organization is associated with RSS.
Pakistan's 16-year-old record broken in Champions Trophy, 'Rizwan Brigade' embarrassed in its own home
Whenever your country is hosting a tournament, there is more pressure on you to make your team win the match and the title, but the story of Pakistan has been somewhat the opposite.
