The State Government this evening announced a matching cut of Rs 2.50 in the fuel prices commensurate with the price slash of Rs 2.50, announced by the Central Government earlier today taking the total succor to Rs 5 per litre in J&K. Their prices are likely to come down to below Rs 85 a litre and Rs 80 a litre respectively on Friday.
In New Delhi, petrol prices rose by 15 paise to Rs 84 a litre while diesel prices increased by 20 paise to Rs 75.45 per litre. That's aimed at checking a rise in retail prices which hit new highs every day as the Brent crude surged 28 percent his year.
But. Overall Price Can Be Reduced By Rs 5 Per Litre..
After Centre's announcement, the Congress dared Prime Minister Narendra Modi to bring the fuel prices back to the 2014 level instead of throwing a "pittance of one or two rupees" at the public.
After months of rising fuel prices with record high petrol and diesel prices in major Indian cities, the Indian government has finally intervened, cutting petrol and diesel prices by ₹2.50 ($.034) a litre in several states across India. However, diesel prices were only reduced by Rs 2.65 per litre to Rs 77.45 per litre. The central excise on petrol and diesel went up by 211 per cent and 443 per cent respectively in this same period. Petrol prices in Bengaluru were at Rs 82.32, whereas rates for diesel were at Rs 73.61. However, opposition ruled states remained non-committal on reducing Value-Added Tax.
The Centre on Thursday cut prices of petrol and diesel by Rs 2.5 per litre, to give relief to common man as worldwide oil prices were hovering over four years high. Maharashtra and Gujarat were quick to respond.
Tripura too has chose to match the reduction by Rs 2.5 per liter. Now, people would get some relaxation as the price has decreased from Rs 2.50 to Rs 5 on Friday. This means that petrol will continue to be expensive in Delhi. If the Centre is serious, it should reduce the tax to what it was when it assumed office.
Khuntia said the state government has been criticizing the Centre for not reducing the oil prices.