{"id":361496,"date":"2020-07-06T12:51:33","date_gmt":"2020-07-06T07:21:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361496"},"modified":"2020-07-06T12:51:33","modified_gmt":"2020-07-06T07:21:33","slug":"the-political-economy-of-petrol-diesel-price-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/the-political-economy-of-petrol-diesel-price-hike\/","title":{"rendered":"The political economy of petrol-diesel price hike"},"content":{"rendered":"<p>Petrol and diesel prices have gone up by Rs 9.17 and 11.14 per litre respectively between June 6 and July 3 in Delhi. An HT analysis published on June 24 showed that the gap between retail prices in Delhi and international crude price reached an all-time high in March 2020; this still continues to be significantly higher than pre-pandemic levels. This is because of an increase in taxes on petrol and diesel. Between April 1 and July 1, the share of central and state taxes in petrol and diesel prices in Delhi increased from 45% to 63% for diesel and 54% to 64% for petrol. Central taxes per litre are almost twice state taxes. And while fuel prices vary across states, the trend across India is pretty much the same.<\/p>\n<p>As is to be expected, the tax-driven hike in petrol-diesel prices has become a political issue. The Congress and other opposition parties are demanding a reduction in taxes. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Petrol and diesel prices have gone up by Rs 9.17 and 11.14 per litre respectively between June 6 and July 3 in Delhi. An HT analysis published on June 24 showed that the gap between retail prices in Delhi and international crude price reached an all-time high in March 2020; this still continues to be significantly higher than pre-pandemic levels. This is because of an increase in taxes on petrol and diesel. Between April 1 and July 1, the share of central and state taxes in petrol and diesel prices in Delhi increased from 45% to 63% for diesel and [&hellip;]<\/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":[141,130],"tags":[],"class_list":["post-361496","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361496","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=361496"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361496\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}