States not passing on fuel duty cut to people: PM Modi
2 years, 7 months ago

States not passing on fuel duty cut to people: PM Modi

The Hindu  

Prime Minister Narendra Modi on Wednesday said that fuel prices were too high in some Opposition-ruled States, where the benefits of Centre’s excise duty cut were not passed on to the people. “These States should bring in immediate remedial measures to stop this injustice,” Mr. Modi said during an interaction with Chief Ministers to discuss the emerging COVID-19 situation. The Prime Minister said that in an effort to reduce the fuel prices, the Central government has reduced the excise duty and had requested the States also to do so. “I urge all the States to work as a team in this time of global crisis following the spirit of cooperative federalism.” On the recent increase in COVID-19 cases in some States and about the need to follow test, track, treat, vaccination and ensure appropriate behaviour, the PM said the pandemic challenge is not fully over.

Prime States Minister Centre Modi Fuel Prices  passing  cases  cut  global  states  prime  prices  duty  war  need  fuel  minister  revenue  modi

History of this topic

Ministers urged to cut fuel duty in rural areas to help struggling families
2 years, 6 months ago

Ministers urged to cut fuel duty in rural areas to help struggling families

The Telegraph  

Fuel duty should be cut in rural areas to ease the pressure on families facing record prices at the pump, ministers have been told. The party is calling for an expansion of the rural fuel duty relief scheme, which is currently offered in a handful of remote areas of the UK, to places where “public transport options are limited and …

Data Point | Explaining India’s recent fuel tax cuts
2 years, 6 months ago

Data Point | Explaining India’s recent fuel tax cuts

The Hindu  

It’s a relief that the Union government has cut the fuel tax. A look at the developments that preceded the recent excise duty cuts: After weeks of incremental increases in fuel prices, Union Finance Minister Nirmala Sitharaman announced that the Union government is slashing fuel taxes. Her point was that the cut of Rs 8 per litre came from the …

Many States reluctant to cut fuel tax
2 years, 7 months ago

Many States reluctant to cut fuel tax

The Hindu  

The Maharashtra government pared its value added tax levies on petrol and diesel by ₹2.08 and ₹1.44 per litre respectively on Sunday, a day after criticising the Centre for offering minimal tax cuts after drastic hikes over its tenure, a sentiment echoed by most Opposition-ruled States. After announcing the excise duty cuts on petrol and diesel of ₹8 and ₹6 …

Excise cuts make fuel cheaper
2 years, 7 months ago

Excise cuts make fuel cheaper

Deccan Chronicle  

New Delhi: Buckling under pressure, the government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battering under high fuel prices that have also pushed inflation to a record high. State-owned fuel retailers will pass on the excise duty cut to …

On Burning Issue of VAT on Fuels, Oppn Says Not Right to Blame States; Hardeep Puri Quips ‘Truth Hurts’
2 years, 7 months ago

On Burning Issue of VAT on Fuels, Oppn Says Not Right to Blame States; Hardeep Puri Quips ‘Truth Hurts’

News 18  

Opposition leaders have reacted sharply to Prime Minister’s comments during a live telecast on Wednesday on states not reducing VAT on petrol and diesel despite the Centre slashing excise duty. Former finance minister P Chidambaram said on Thursday it would be interesting to know why the finance ministry “embarrassed” PM Modi by putting out the information on the day he …

'PM Abdicates Responsibility': Rahul, Mamata on Modi's High Fuel Prices Jibe
2 years, 7 months ago

'PM Abdicates Responsibility': Rahul, Mamata on Modi's High Fuel Prices Jibe

The Quint  

"PM Modi is particularly quoting only Opposition-ruled states to reduce taxes on fuel. Jharkhand Health Minister Banna Gupta pointed out that the meeting, which was held to review the COVID-19 situation in the country, had "turned out to be a political meeting." Meanwhile, Telangana Chief Minister K Chandrasekhar Rao was quoted as saying, "Why can't the Centre cut taxes instead …

In first reaction on rising fuel prices, PM Modi fires at Opposition-ruled states
2 years, 7 months ago

In first reaction on rising fuel prices, PM Modi fires at Opposition-ruled states

India Today  

Reacting to the issue of rising fuel prices, Prime Minister Narendra Modi has appealed to states ruled by the Opposition to reduce tax on fuel. He said, "States like Tamil Nadu, West Bengal, Telangana, Maharashtra, Kerala and Jharkhand did not reduce tax on fuel, and should do it now." "Centre reduced the excise duty on fuel prices last November and …

Fuel price cut in consonance with national mood
3 years, 1 month ago

Fuel price cut in consonance with national mood

New Indian Express  

Strange, but fuel prices have the duality of bringing fortune and misfortune. Interestingly, despite the surging pump prices, an IMF official recently recommended maintaining existing fuel taxes in India, as a reduction disproportionately benefits higher-income households, making it ‘highly regressive’. Truth is, the chasm between headline and household inflation is wide and the Centre’s pick to go with the latter …

BJP Lauds Modi Govt's Cut in Petrol, Diesel Prices
3 years, 1 month ago

BJP Lauds Modi Govt's Cut in Petrol, Diesel Prices

News 18  

The BJP on Wednesday hailed the central government's decision to reduce petrol and diesel prices as Prime Minister Narendra Modi's Diwali gift. "I thank @narendramodi Ji's Gov for reducing Excise Duty on Petrol & Diesel on the eve of Diwali by Rs 5 and Rs 10 respectively from tomorrow. The reduction in excise duty on Petrol & Diesel will also …

Unpacking fine print of fuel pricing: Why blaming Modi government for rising energy cost is unfair
3 years, 1 month ago

Unpacking fine print of fuel pricing: Why blaming Modi government for rising energy cost is unfair

Firstpost  

Like the Centre, states also need financial resources to fund their development programs and fuel taxes are an important source for them as well The current discourse on the issue of fuel prices holds the Narendra Modi government as the one responsible for the recent increasing trend. Price buildup data shows that base price accounted for around 40 percent of …

Fuel prices at record high: How it is impacting low-income households
3 years, 6 months ago

Fuel prices at record high: How it is impacting low-income households

India Today  

Rizwanudeen, a 37-year-old worker who delivers food in the southern Indian city of Chennai, struggles to pay his rent and loan instalments at the end of every month as he has been hit by the double whammy of higher fuel prices and fewer food orders. Millions of weekly wage earners like Rizwanudeen who make their living ferrying goods or people …

For petrol, diesel price reduction, centre and state need to coordinate says RBI
3 years, 9 months ago

For petrol, diesel price reduction, centre and state need to coordinate says RBI

Hindustan Times  

Reserve Bank of India Governor Shaktikanta Das on Thursday said there is a need for coordinated action between the centre and state governments to reduce taxes on petrol and diesel prices. The governor said both the centre and the state governments have their revenue pressures and they are required to spend high sums of money to enable the country and …

Discover Related