Petrol price cut by 7 paise, diesel by 5 paise

Petrol price cut by 7 paise, diesel by 5 paise

"However, today one of our employees made a mistake and we accept it", the petroleum minister said.

"P.S: A ONE paisa cut is not a suitable response to the #FuelChallenge I threw you last week", he added. Social media, too, went into a tizzy with consumers using hashtags such as '#petrolled' and '#fuelonfire' to highlight the apathy of the common man.

The revised petrol prices in metropolitan cities are- Delhi: Rs 77.83 per litre; Mumbai: 85.65; Kolkata: 80.47 and Chennai: 80.80. Another user said, "I am going to invest it in mutual funds now". As of now, Kerala's move on fuel cost is expected to put pressure on other states as well to reduce taxes, which are mostly ruled by Prime Minister Narendra Modi's Bharatiya Janata Party. In all, petrol price was increased by Rs 3.8 per litre and diesel by Rs 3.38 in that fortnight. Kerala, in fact, reduced sales tax on petrol diesel to lower the price by Rs 1 per litre.

The PM will give the final approval to the determination of the prices which will stand implemented on June 1 at 2400 hrs for one month. It also suggested that to further rationalise fuel prices states can consider a pricing mechanism where VAT is imposed on base price only by states and not on prices inclusive of the Centre's tax. The percentage of tax has been adjusted in a way that brings down the price by a rupee. It was announced that this was due to a 'clerical error'. Nobody can believe that.

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It is a crude joke played on the citizens of the country.

A worker fills diesel in a vehicle as he holds 500 Indian rupee banknotes at a fuel station in Kolkata, India, November 9, 2016.

"The selling prices of petrol and diesel with effect from May 30, 2018, have been rectified on our website".

Petrol and diesel prices in India are linked to Singapore gasoline prices and Arab Gulf diesel prices, which mostly track movements in crude oil prices.

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