Petrol Prices keep rising

The fuel prices scaled to new highs today with 13 paise hike in both petrol and diesel across the country. Petrol prices in Delhi touched Rs 83.00 per litre, while it is priced Rs 90.35 in Mumbai. Likewise, diesel is being retailed at Rs 74.24 per litre in Delhi and Rs 78.82 per litre in Mumbai.

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I feel if the states or Modi ji dont give any relief, we will have a dull Diwali here in North India.

Wake up call for all CMS and PM more  

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Interesting hypothesis, prices are being raised out of "national interest". Why not reduce adminstrative, travel costs. Avoid election costs by going fully on line voting, no speeches & gatherings for election speeches (crowd gathering is at taxpayer expense, ultimately). more  
Bringing down the Duties and Taxes on fuel oils will cause the Government's Revenue to shrink--a development which cannot be afforded by the Government. The remedy to this problem is to reduce reliance on fuel oils and, instead, encourage and incentivise people to rely on alternative sources of power like Solar Power, Biogas, Wind Power, Ethanol, Potential Differences between different levels in Sea-water. Even if the cost per Unit of some alternative sources Power is higher, the overall benefit-to-cost may justify replacement of power from fuel oils . The Government may spur research so as to improve the capacity and the life of Batteries. more  
At the cost of Public and increase revenue generated from VAT and Taxes, the Central Government and State Government wants to increase their revenue and waiting for the opportunity to increase their salary and other benefits. more  
All State's Earn More than the Centre. Centre has to Pay also for the Oil bought before 5 years. Choices R limited for Centre while States need to reduce substantially to match appropriate Income. International Oil Prices R expected to Rise further. UPA charged high Prices even though UPA did not Pay or provide to keep aside the Money for Oil. Issued Oil Bond. This means V have been paying with High Rate of International Interest. Modi Ji is ensuring the Oil Debts R cleared n Liabilities not carried forward to next Generation. R V Ready to Understand or Let the Children Pay for our Luxury. Attitude of Modi Ji is Very Clear - Nation 1st. If Society Feels V have a right to cheat our Children - Ask Children to Write to Government their Willingness to Pay. V need to evaluate our Attitude. Ask corrective attitude where it is for Improvement. Jai Hind more  
Unfortunately Mr Modi entrusted the finance portfolio to a lawyer who has mismanaged the economy of the country. There were many stalwart economists in the party who could have been given the responsibility. Even GST implementation was not with detailed planning. When fuel prices went down, taxes were raised on to generate revenue. When it has gone up, he has not bothered to reduce it. Inflation target is being a go by and prices are going up. more  
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