Andhra CM announces Rs 2 cut in petrol, diesel price from Tuesday

Hike in fuel prices for third consecutive day

Petrol price has risen by Rs 3.65 a litre and diesel by Rs 4.06 per litre - the biggest increase in rates witnessed in any month since the launch of daily price revision in mid-June past year. Petrol in Mumbai scaled to Rs 88.12, up 23 paise, while diesel was priced at Rs 77.32, up 23 paise, on Monday. While a cut in excise duty that the central government levies will impact fiscal deficit, states like Bihar, Kerala, and Punjab are not in a position to cut sales tax (or VAT), the official, who wished not to be identified, said. In Bengaluru, petrol price is Rs 83.51 and diesel is Rs 75.32.

However, the Bahujan Samaj Party and the Samajwadi Party did not join the Opposition protests in Delhi.

As the Congress top brass including party chief Rahul Gandhi targeted the Narendra Modi government at a protest rally at Ramlila Maidan here, the BJP claimed that the bandh was called to divert attention from the hearing in the Delhi High Court on a matter related to the National Herald case involving its "corrupt" leaders.

Yadav said, "While the opposition is protesting, prices of petrol and diesel have been hiked again this morning".

Condemning the statement of the union petroleum minister Dharmendra Pradhan that the petroleum prices were increased due to hike petroleum prices in global market and increase in Value-Added Tax by state governments, Naidu said such statements were far from truth and were aimed only to mislead the people.

With 21 parties extending support to the Congress' call for the Bharat bandh, it tried to project the shutdown as yet another show of strength by a united Opposition.

While the Congress and other opposition parties claimed the bandh was a success, the BJP claimed it was a flop. Rajasthan had also reduced the taxes on both, diesel and petrol. Nearly half of the retail selling price of the two fuels is made up of Central and State taxes.

Former Prime Minister Manmohan Singh said the Modi government has completely failed in keeping its promises to the people of India.

In Maharashtra's Parbhani city, petrol cost Rs 90.05 a litre while diesel Rs 77.92 per litre, reported India Today.

Law minister Ravi Shankar Prasad on Monday blamed Organization of Petroleum Exporting Countries (OPEC) for the surge in worldwide prices of crude and said that the solution for the fuel price hike in not in government hands.

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