NEW FUEL RATES-NDA governs the state center reduces fuel rates by Rs 2.50 per liter.

NEW FUEL RATES-NDA governs the state center reduces fuel rates by Rs 2.50 per liter.

New Delhi: Finance Minister Arun Jaitley today announced a modest relief for the citizens with reduction in the excise duty of rupees from fuel prices. 1.50 and oil marketing companies, another R1 decline, to cut fuel prices, Rs. 2.50
They appealed to the states to match value-added tax or VAT and match the efforts of the Center. 2.50 so that the total benefit to citizens is at least Rs. 5. Six BJP-ruled states - Uttar Pradesh, Gujarat, Maharashtra, Chhattisgarh, Assam and Tripura - responded to the decline in fuel prices. 2.50 Jharkhand raises diesel prices by Rs. 2.50, but not gasoline

Sources said that all BJP-ruled states are expected to cut fuel prices by this evening.

Though the Congress said that the fuel cut was like a band aid on a deep wound and it was called a panic reaction by the Modi government between the anger among the people.

Congress spokesman Randeep Surjewala said, "Relief of Rs 1.50 is unimportant, it is like a needle in the grass field."

Delhi Chief Minister Arvind Kejriwal tweeted that the Modi government increased the excise duty on fuel to Rs. 10 and today only Rs. 2.50 He tweeted, "It is a shame, at least Rs. 10 per liter in the center should be reduced."

Rupee. The Finance Minister said that 2.50 for the citizens is under the control of the government and the oil marketing companies. Mrs Jaitley said between the allegations of the opposition that the economy is in severe tension, "I am sure the state will start immediately."

Reduction in excise duty, the government's tax revenues to INR Rs. The Finance Minister said that Rs 10,500 crore Taxes on petrol and diesel, which account for more than one-third of the retail fuel prices, is the biggest source of income for the government.

Arun Jaitley's announcement touched the prices of petrol and diesel at a new high level. In Delhi, where oil prices are the cheapest in big cities, petrol is being sold. Rs 84 per liter and diesel Rs. 75.45

Mr. Jaitley said that crude oil touched a four-year high of $ 86 a barrel on Wednesday and the interest rates in the US have reached the highest level of seven years.

After the announcement, shares of oil marketing firms such as Hindustan Petroleum, Indian Oil Corporation and Bharat Petroleum dropped more than 18% as they would share the burden of reduction in fuel price when crude oil prices rose.

NEW FUEL RATES-NDA governs the state center reduces fuel rates by Rs 2.50 per liter.

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