The government of India has increased the prices of petrol by 5 rupees and that of diesel by 3 rupees a litre.The hike in the fuel prices will come into effect from 5 th June 2008.
Current fuel price in the city of
Hyderabad, India on
26 th September 2008 :
Current price of petrol now in city of Hyderabad is 56.65 rupees
Current price of Diesel now in city of Hyderabad is 38.25 rupees
Moreover price of LPG has also increased by rupees 50 per cylinder, which will now 354.42 per cylinder . Customs duty on petrol and diesel cut by Re 1, from 7.5 per cent to 2.5 per cent and Customs duty on crude cut from 5 per cent to zero.
But the shocker is that Andhra Pradesh government levies
33 % VAT on petrol the
highest in INDIA and 22.25 % Vat on diesel being second highest in the INDIA after Gujarat , which turns out to be around whopping 15 rupees (approx.) and 8 rupees (approx.) per each litre of PETROL and DIESEL respectively. Most of left governed states have already reduced taxes so that it can be viable for COMMON MAN .
Lets hope that this does not a spiral effect on inflation which is already sky rocketing .
Was increasing FUEL prices , THE RIGHT STEP ????????? Do post comments ............
