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Modi government's fuel price hike is taking the steam out of achhe din

6 27 0

Consumers of petrol and diesel pay taxes as high as 153 per cent to 160 per cent on per litre of cost price for these products. Petroleum minister Dharmendra Pradhan has acknowledged that fuel prices have hardened and blamed hurricanes Irma and Harvey for the hike.

But that's just part of the truth. The other part is that the Central Excise Duty on diesel has increased by over 380 per cent in the past three years while on petrol it has increased by over 120 per cent.

Excise duty on diesel increased from Rs 3.56 to Rs 17.33 in three years and for petrol, it increased from Rs 9.48 per litre to 21.48 per litre in the same period. And it is not only the central government, even the state governments........

© DailyO