Sharanjit Singh Dhillon, SAD MLA from the Sahnewal constituency, told ANI that taxes on petrol and diesel are so high that people are unable to afford these items
The rise in the petrol and diesel price has paused for the last couple of days as oil marketing companies have decided to wait and watch the developments on the global oil market
Similarly, in Mumbai, Chennai and Kolkata, the fuel was sold for Rs 97.57, Rs 93.11 and Rs 91.35 a litre respectively
IEA projection of rising demand for oil adds to New Delhi's worry
On Sunday, price of the fuel in Delhi, Mumbai, Chennai and Kolkata was at Rs 90.58, Rs 97.00, Rs 92.59, Rs 91.7 per litre, respectively, unchanged from the previous levels
The Finance Minister said it is a matter for which the Centre and state governments need to work together and see whether there is a way to fix the issue
The government will reduce the VAT for petrol from 31.62 per cent or Rs 17.60 per litre to 20 per cent or Rs 15 per litre
Petrol and diesel prices are revised on a daily basis in line with the change in international crude oil prices
Petrol and diesel prices on Thursday climbed to fresh highs in the country as rates were hiked by the most in recent times, even as fuel retailers said the government can cut taxes to ease burden.
The fuel prices increased close to 35 paise per litre, but the exact amount varied from state to state depending on their local levies
Petrol and diesel prices were last raised by 25 paise per litre on January 27, according to a price notification from oil marketing companies
Rates differ from state to state, depending on value-added tax (VAT). Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates
The state finance department late Thursday issued orders, which came into effect from Thursday midnight
Rates differ from state to state, depending on value-added tax. Petrol and diesel prices are revised on a daily basis
Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies
Rates were raised for the second consecutive day
There is a pressure on fuel price due to imbalance in demand and supply," Pradhan said while speaking to media in Betul
With Monday's increase, petrol is being sold at Rs 84.95 a litre in Delhi from previous day price of Rs 84.70 a litre
Oil marketing companies kept the retail prices of petrol and diesel static on Wednesday
The rise in crude oil prices may dent marketing margins if not passed on, however, some say OMCs may have a cushion to absorb