The value of diesel dropped for second consecutive day on Thursday. In Delhi, the value of diesel got here all the way down to ₹89.47 after a 20 paise reduce. Equally, the gas stood at ₹97.04 a litre in Mumbai.
In Chennai, the brand new worth of the diesel is ₹94.02 litre, whereas in Kolkata, it’s retailing at ₹92.57 per litre.
Petrol worth, nevertheless, have remained unchanged. It prices ₹101.84 per litre in Delhi, ₹107.83/litre in Mumbai, ₹99.47/litre in Chennai and ₹102.08 in Kolkata. The value of petrol has remained unchanged since July 17.
Union petroleum and pure fuel minister Hardeep Singh Puri stated on Wednesday stated that the federal government is “delicate” in direction of the costs of the petroleum merchandise and is taking all attainable steps to deal with the difficulty.
He additionally blamed the Congress for the present pattern of hike in petrol and diesel costs.
“We’re delicate in direction of it and are taking attainable steps like doing mixing of 10 per cent which we’re going to increase to twenty per cent. So, we’re taking many steps,” the minister stated.
“The Centre imposes excise tax on petrol and diesel, whereas states impose VAT on it. We use this excise cash to fund schemes like PM Garib Kalyan Yojna underneath which 80 crore folks obtained free foodgrains, PM Awas Yojna, Ujjwala scheme,” Puri added.
He stated that the Congress authorities, earlier than 2014, issued oil bonds of ₹1.34 lakh crore to manage costs of petrol and handed on their downside to BJP authorities. “They emptied the chest. We have now to pay ₹20,000 crore this yr for the oil bonds which have a maturity interval of 15 years.”
(With inputs from companies)