Arun Jaitley announced an oil duty cut of Rs 1.50
With fuel prices soaring, Finance Minister Arun Jaitley today announced marginal relief for citizens with an oil duty cut of Rs 1.50 and another Re 1 drop in what the government charges from oil marketing firms. The Rs 2.50 benefit for citizens is within the control of the government and oil marketing companies, the finance minister said. "I am sure the states will also start delivering immediately," Mr Jaitley said, amid the opposition's allegations that the economy is under severe stress.
Here are the highlights on the fuel price cut announcement:
Most of the BJP-ruled states have reciprocated to the centre's move to cut oil prices by reducing VAT on petrol and diesel to make fuel even cheaper in the states
Rajasthan and Goa have now announced Rs 2.5 cut in petrol and diesel prices
Delhi Chief Minister Arvind Kejriwal tweeted that the Modi government increased excise duty on fuel by Rs. 10 and today reduced just Rs. 2.50. "It is a sham. The Centre should have at least reduced prices by Rs. 10 per litre," he tweeted
The Jharkhand government has decided to give an additional relief of Rs 2.5/litre petrol as well. They had earlier announced a price cut only on diesel in the state
Haryana has also announced a price cut on petrol and diesel
The Himachal Pradesh government has also decided to give an additional relief of Rs 2.5/litre on petrol and diesel to give a total benefit of Rs 5/litre in the state: Chief Minister Jai Ram Thakur
PM Modi today gave another decision in public interest by reducing the central tax on petrol&diesel price by Rs. 2.50 per litre. All the BJP-ruled states have also decided to reduce VAT by Rs.2.50 per litre on petrol and diesel prices: Amit Shah
Uttar Pradesh has also announced a Rs 2.5 price cut in petrol and diesel. A total of 9 states have
so far followed suit the centre in announcing price cuts
The Uttarakhand government has also announced a Rs 2.5 price cut in petrol and diesel
The Madhya Pradesh government has announced a Rs 2.5 cut in prices of diesel and petrol
Vijay Goel has urged Delhi Chief Minsiter Arvind Kejriwal to cut VAT on prices of petrol and diesel
"A party that owns an office in Delhi worth hundreds of crores is obviously not affected by inflation," he said
"After Bharat Bandh, TDP, TMC governments suo moto reduced the fuel prices. Congress ruled states are already considering it as as well," he said
"In 52 months of Modi government, there has been a hike of Rs 400 on the LPG cylinder," he said
"The Modi government is looting huge the common man, and at the same time it claims it is cutting fuel prices," Congress leader Randeep Singh Surjewala said in a presser
"An RTI reveals Modi governmentt sells petrol to 15 foreign countries at Rs 34 per litre, but Indians get it for over Rs 80 per litre, Rs 84 per litre in Delhi. Diesel is sold at Rs 37 per litre to 29 foreign countries by Modi government but farmers get lathicharged for demanding a price cut," said the Congress in an attack on the BJP
Jharkhand Chief Minister Raghubar Das has announced a Rs 2.5 price cut on diesel in the state
"We didn't receive any letter from Jaitley ji. First we will see the order then make a decision on petrol and diesel. Each and every state has their own situation so first let the letter come," Bihar Deputy Chief Minister Sushil Modi has said
The Congress has responded to Arun Jaitley's announcement by saying that the fuel price cut was negligible and called it an "eyewash" by the Modi government
The Tripura government has also decided to cut petrol and diesel prices by Rs 2.50 in the state
The government of Chhattisgarh has also decided to reduce Rs 2.50 on petrol in the state. Thus petrol will be Rs 5 cheaper in Chhattisgarh, says Chief Minister Raman Singh
"An oil revenue dependent government has belatedly realised the unbearable burden on the people and indulged in tokenism," Congress leader and former Finance Minister P Chidambaram said on the fuel price cut
Finance Secretary Dr Hasmukh Adhia has said that the excise cut on petrol and disel will become effective from midnight today.
AAP leader Sanjay Singh said the centre's decision to cut fuel prices was a good one, but asked if it would stop prices from going up everyday, following his question up with a Hindi one-liner that implied that it was only a temporary relief for a few days that wouldn't stop the darkness that would follow
Dharmendra Pradhan has requested Odisha Chief Minister Naveen Patnaik to implement a price cut in his state as well, reports news agency ANI
Amit Shah said he welcomed the Modi government's decision to cut petrol and fuel prices by Rs 2.5.
"Thank honourable Prime Miniter Shree Narendra Modi and Finance Minister Shree Arun Jaitley for their decision to provide relief to common man & reducing the excise duty levied on petrol and diesel by Rs 1.50, our OMCs will also absorb 1 Rupee resulting in an overall reduction of Rs 2.50 in prices of both petrol & diesel," tweeted Minister of Petroleum and Natural Gas Dharmendra Pradhan
Gujarat Chief Minister Vijay Rupani has followed the centre's lead and announced a Rs 2.50 cut on both petrol ad diesel, making it cheaper by Rs 5 in the state