There is an outcry over the prices of petrol and diesel in India. The ever-increasing prices have put people at ease. Customers in the country are paying almost three times the base price of petrol and diesel i.e. X factory. Concerned over the rise in fuel prices, today Reserve Bank of India (RBI) Governor Shaktikanta Das indirectly urged the government to cut taxes on petroleum products. Das said that 'Efforts to contain cost-push pressures through a calibrated reversal of indirect taxes on fuels could contribute to a more sustained reduction of inflation.'
Tax should be cut on petrol and diesel
Das said that the country is in a better position today as compared to the last MPC meeting. There are strong signs of growth and the trend of inflation is better than expected. On inflation, he said it is lower than RBI's estimates but core inflation is worrying. Tax on petrol and diesel should be cut to keep inflation under control.
Petrol and diesel prices increased again today
It is to be known that the prices of petrol and diesel have increased for the third day on behalf of the state-owned oil companies. Today, the price of diesel has increased from 34 to 37 paise, while the price of petrol has increased by 26 to 30 paise. In Delhi, the price of petrol is Rs 103.54 while the price of diesel is Rs 92.12 per liter. The price of petrol in Mumbai is Rs.109.54 and the cost of diesel is Rs.99.92 per liter. Petrol in Kolkata costs Rs 104.23 while diesel costs Rs 95.23 per liter. At the same time, petrol in Chennai is Rs.101.01 a liter and diesel is Rs.96.60 a liter. The price of petrol has crossed Rs 100 in Madhya Pradesh, Rajasthan, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Odisha, Jammu, and Kashmir, and Ladakh. Petrol price is the highest in Mumbai.
CPI inflation may remain at 5.3 percent in FY22
On inflation, Das said that in the financial year 2021-2022, CPI inflation is likely to be 5.3 percent. It was estimated at 5.7 percent in the last meeting. Inflation may be 5.1 percent in the second quarter, 4.5 in the third quarter, and 5.8 percent in the fourth quarter. At the same time, the central bank said that in the first quarter of the financial year 2022-2023, CPI inflation is likely to be 5.2 percent.
Bengal Tigers have won the title of Celebrity Cricket League (CCL 2024). In the final match, Beng
On Tuesday, 14 CAG reports of the tenure of the AAP government will be presented in the assembly.
Shock: 50 crore assets of Air India and IATA seized in Canada, know what is the reason here
A Canadian court has given a strong blow to India. The court ordered the confiscation of the asse
Rajasthan Royals and Delhi Capitals will try to forget their defeat in the last match and make a
Two days ago, when US President Joe Biden described nuclear-armed Pakistan as one of the most dan
The Pakistan cricket team has to play a two-match Test series in Sri Lanka next month. The series
Union Home Minister Amit Shah has also held a meeting with the Sant Samaj regarding the Uttar Pra
The former Chief Justice of the High Court was shot dead in the Balochistan province of Pakistan.
8th Year Modi Government Preparation for Celebration: The Narendra Modi government at the Center
The troubles of Bigg Boss OTT 2 winner and 26-year-old YouTuber Siddharth Yadav alias Elvish Yada
