Rising fuel prices: Rahul calls Modi 'king of misinformation'
Rahul Gandhi
Petrol and diesel prices are on an uptrend amid firming global crude prices. The rates of the two fuels have been so far increased 14 times since March 18, 2018
With the soaring petrol and diesel prices, Congress president Rahul Gandhi is leaving no chance to criticise PM Modi, holding him accountable for being ignorant about higher fuel prices.
Gandhi took to Twitter and wrote: "The poor & the middle class bear the brunt of rising fuel prices. In this video, our PM is quite obviously talking about some other country," while also attaching a video.
Petrol and diesel prices are on an uptrend amid firming global crude prices. The rates of the two fuels have been so far increased 14 times since March 18, 2018.
At current level, petrol prices are up Rs 3.98 per litre in Delhi, Rs 3.94 per litre in Kolkata, Rs 3.93 per litre in Mumbai and Rs 4.19 per litre in Chennai so far this year. Diesel rates are up Rs. 5.18 per litre, Rs 5.21 per litre, Rs 5.75 per litre and Rs 5.55 per litre respectively.
The OMCs while deciding the prices of fuel, take into consideration the performance of international crude oil, adding government’s excise duty and various state’s value added tax (VAT), however, currently the state-owned OMCs face a difficult time in regards to trimming down fuel prices as they have limited room for it, which results in consumers ending up paying higher petrol and diesel prices.
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The reason for the hike in fuel prices are due to the surge in international crude oil prices and the reluctance of government in cutting excise duty and state’s VAT.
On Wednesday, Finance minister Dr TM Thomas Isaac refused to cut sales tax on petroleum saying that even the smallest change tax on petroleum products will decimate the states impoverished economy.
Presently, the state is facing a deficit in tax revenue. Hence the state cannot afford to lose this revenue and an appropriate decision will be taken ...
Gandhi previously attacked Modi saying that when UPA was in power, the oil price was $140 per barrel and today it is half in the international market.
"When in the international market petrol price was coming down, you are paying high. In whose pocket is the money going? Your money is being looted from you and is being given to 10/12 rich people," he said.