- Tag results for Fuel price hike
The unstoppable spiralling of fuel cost, particularly diesel, is taking a heavy toll on private transporters operating buses and trucks as they incur huge losses.
KSRTC's 8,750-strong fleet of buses presently consume an average of six to seven lakh litres of high speed diesel (HSD) daily.
It was the rising number of complaints that put the Motor Vehicles Department on their toes, a reason why they have decided to cancel the licence of the auto-drivers who deny rides to passengers.
An autodriver who did not want to be named, admits he usually skips short trips hoping that he will get a long trip.
Recent hike in petrol and diesel prices have also pushed up the fruit and vegetable prices.
A video of her meeting the auto driver Kathir was posted in her official Twitter handle on Tuesday, which showed her offering sweets to him and his family members.
Soundararjan, who was accompanied by her aides, also shared a couple of pictures she shot on the occasion.
Currently, the sales tax on petrol and diesel is 32 per cent and 21 per cent respectively.
In a statement issued in Mumbai, Athawale, a BJP ally and the Union Minister of State for Social Justice, said that he understands people are getting affected by the rising fuel prices.
In a series of tweets, he attacked the Narendra Modi government for allegedly failing to curb the flow of black money in the economy.
A day after steps to contain the widening current account deficit and check fall of the rupee were announced, PM Modi on Saturday continued his two-day review of the economy.
BJP President Amit Shah also drew parallels to different currencies claiming that the fall of rupee is much lesser if compared to currencies of many other countries.
In New Delhi, petrol is being sold 35 paise higher at Rs 81.63 per litre, while the price of diesel has been hiked by 24 paise to Rs 73.54 per litre.
Macroeconomic data announced during the week as well the news of the Prime Minister’s impending meeting on Saturday have been positive for the markets.
Union Minister Piyush Goyal said on Wednesday that the Centre had called on the states to cut the VAT on the petroleum products.