Truth of hike: BJP talks about percentage increase in petrol, diesel prices

Petrol and Diesel prices go up again Check out rates on September 8 in metro cities

Increasing Continuously Fuel prices reach new high

Petrol prices were increased to Rs 88.26, Rs 83.75 and Rs 84.05 per litre in Mumbai, Kolkata and Chennai respectively on Tuesday.

Diesel price in the state has touched an all-time high (it reigns at Rs 77.98 a litre in Thiruvananthapuram on September 10) and is now higher than all the four metros.

A state-wide shutdown called by Kerala's ruling Left and the Congress-led opposition to protest rising fuel prices, was observed on Monday.

However, many feel that by attributing the price hike only on worldwide factors must be taken with a pinch of salt, the BJP government is trying to shrug away its own responsibility of bringing fuel prices under the ambit of the Goods and the Services Tax (GST). Diesel, too, is not far behind.

TDP had opposed the demand of the opposition parties to bring the fuel products under the ambit of GST, claiming that fuel products were among the major contributors of tax revenues for the states.

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Bharatiya Janta Party (BJP), in defense of the rising angst against high fuel prices, released an infograph on Monday showing how the percentage growth of increase in diesel prices has been lower as compared to United Progressive Alliance's (UPA) time (2004-14).

Aday after Opposition-led Bharat Bandh, fuel prices continued to rise on Tuesday with petrol being sold at Rs 80.87 and diesel at Rs 72.97 per litre in the national capital.

State-owned oil firms had in June a year ago discarded the policy of changing fuel rates on the first and 16th of every month, and resorted to daily price revision instead. A litre of petrol costs Rs 90.02 in Parbhani, which is located about 500 km away from Mumbai, due to higher local taxes and transportation cost.

Later, amid the constant rise in the prices of petrol and diesel, BJP president Amit Shah on Monday met Oil Minister Dharmendra Pradhan, PTI reported. On top of this, states levy value-added tax (VAT) - the lowest being in Andaman and Nicobar Islands where a 6 per cent sales tax is charged on both the fuel.

The VAT rates are as high as 39.12 per cent in Maharashtra on petrol, and Andhra Pradesh levies the highest VAT on diesel at 28.08 per cent.

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