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Government mulls petrol, diesel under GST; peak tax rate of 28 per cent plus VAT could be new tax structure
The peak GST rate plus VAT will be equal to the present tax incidence, which is made up of excise duty, levied by the central government, and VAT charged by the states.
Truck drivers in the state joined an all-India indefinite strike on Monday, to protest against high diesel prices, high rates of third-party insurance and other issues concerning lorry owners.
The move follows a search last week of Stadler's private residence, ordered by Munich prosecutors investigating the manager on suspicion of fraud and indirect improprieties with documents.
The affected vehicles include the Mercedes-Benz Vito delivery van and the Mercedes GLC 220d and C220d.
Prices for petrol and diesel have fallen by 21-22 paise per litre and 15-16 paise per litre respectively in Delhi, Kolkata, Mumbai and Chennai, compared with the previous day's rates.
Petrol, diesel will not be allowed to go out of reach of common man: Union minister Dharmendra Pradhan
Oil Minister Dharmendra Pradhan on Wednesday said that the Central government will do everything to keep the fuel prices within the reach of consumers.
As part of its war on pollution, China has taken more than 20 million outdated vehicles off the roads over the last five years, and the country routinely restricts traffic during smog build-ups.
As per prices announced by largest retailer Indian Oil Corp (IOC), prices fell around nine paise in the four metro cities, while diesel prices remained unchanged over Saturday.
From June last year, the 15-year old practice of revising rates on 1st and 16th of every month was dumped in favour of a more dynamic formula of daily revision based on international prices.
The revised petrol prices in other metro cities on Saturday were — Rs 80.84 in Kolkata, Rs 86.01 in Mumbai and Rs 81.19 in Chennai.
Besides Delhi, the revised Petrol prices in other metro cities are - Rs 80.92 in Kolkata, Rs 86.10 in Mumbai and Rs 81.28 in Chennai.
Following the marginal one paisa cut in the fuel prices, former Petroleum and Natural Gas Minister Veerappa Moily called the Centre, 'cruel'.
This is the second reduction in rates coming after a 16-day relentless price hike that followed lifting of a nearly three-week hiatus on price revision just before Karnataka went to polls.
Expressing shock at the development, Rahul termed the mere 'One paisa cut' as being 'childish' and 'in poor taste'.
Oil companies say petrol, diesel rates cut by 1 paisa, terms earlier 60 paise cut a 'clerical error'
State-owned oil companies this morning announced reduction in petrol price by 60 paise but within hours revised the cut to just 1 paisa a litre each citing clerical error.