MUMBAI: Petrol and diesel prices were hiked for the seventh consecutive day, with the retail price at the pumps rising to Rs 82.10 and Rs 72.03 respectively.
\nThe total hikes this month has been Rs 5.79 per litre for petrol and Rs 5.82 per litre for diesel. Transporters are not happy with the increase in diesel rates as the expenses on fuel is 65% of total transportation costs.
\nSaid Bal Malkit Singh of All India Motor Transport Congress: \u201cThere has been consistent increase in petrol and diesel prices in the country. the For last six days, the oil marketing companies have increased the price of petrol and diesel by over Rs 3 a litre in Mumbai and other parts of the country, much to the chagrin of the road transport fraternity and farmers community of India. The central government has increased excise duty twice on both the fuel, petrol and diesel and most state governments have hiked cess or VAT on their part thus squeezing the consumers, the road transport sector in particular, to no end.”
\nOn June 1, the government introduced cess on petrol and diesel and hiked rates by Rs 2.
\n“About 70% of the retail price of fuel constitutes the Central & State Taxes, which in turn is about 275% and 255% on petrol and diesel respectively over the base price,” Singh said.<\/p>\n","protected":false},"excerpt":{"rendered":"
MUMBAI: Petrol and diesel prices were hiked for the seventh consecutive day, with the retail price at the pumps rising to Rs 82.10 and Rs 72.03 respectively. The total hikes this month has been Rs 5.79 per litre for petrol and Rs 5.82 per litre for diesel. Transporters are not happy with the increase in diesel rates as the expenses on fuel is 65% of total transportation costs. Said Bal Malkit Singh of All India Motor Transport Congress: \u201cThere has been consistent increase in petrol and diesel prices in the country. the For last six days, the oil marketing companies […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-357340","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=357340"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357340\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}