15
Thursday
November 2018
2:58 AM IST
News Headlines
India to host Italy on grass in Kolkata        It won't be easy for Mary Kom, says High Performance Director Nieva        Sensex rebounds 332 pts on easing crude, rupee gains        Govt mulls second round of 2,500 MW medium-term PPA auction        UK says Brexit deal 'almost within touching distance'        Trump criticises Macron again over European defence remarks        Infiltration bid foiled by Army in J&K, two terrorists killed        Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities        Flipkart Group CEO Binny Bansal quits over 'serious personal misconduct' charges        Preparing for Australia tour by watching videos: Shami        India invites Swedish companies to explore investment opportunities        Govt cancels ED officer Rajeshwar Singh's leave        175 dead, over 10,000 affected by Nigeria cholera outbreak        Lankan parties move SC against Parliament dissolution by Prez Sirisena        Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions        PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail        70 per cent turnout in first phase of Chhattisgarh polls: EC        Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)        Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son        Death toll hits 25 from wildfires at both ends of California        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Petrol pumps in Delhi on strike demanding VAT cut
 
New Delhi, Oct 22 (PTI) Petrol pumps across the national capital were shut on Monday in protest against the Delhi government's refusal to cut sales tax (VAT) on petrol and diesel.

But for a dozen company-owned-company-operated petrol pumps in the city, all pumps refused fuel, sending motorists running low on fuel and scrambling for alternate refuels.

"All 400 petrol pumps and linked CNG pumps shut operations from 6.00 am Monday and will remain closed till 5 am tomorrow (Tuesday)," said Delhi Petrol Dealers Association (DPDA) President Nishcal Singhania.

Pump operators, however, refuelled emergency service vehicles like ambulances and government vehicles so as to ensure essential services are not hit, he said.

Long queues were witnessed at COCO outlets that were the only lifeline for motorists in the national capital.

DPDA said the Union government with effect from October 5 slashed prices of petrol and diesel by Rs 2.50 by way of a cut in excise duty and asking state-owned oil firms to bear subsidy. This was matched by several states by reducing value-added tax (VAT).

Haryana and Uttar Pradesh (UP), which border the national capital, have reduced VAT, he said. "But Delhi government refused to reduce VAT on petrol and diesel, resulting in fuels becoming more expensive than bordering Haryana and UP."

Petrol in Delhi Monday was priced at Rs 81.44 per litre after a 30 paise cut in rates. Diesel is being sold at Rs 74.92 a litre, down 27 paise over the previous day.

Petrol is priced at Rs 80.14 a litre in Gurugram, Rs 79.02 in Noida, Rs 78.87 in Ghaziabad and Rs 80.39 in Faridabad - the cities which share borders with the national capital.

Diesel in Gurugram is priced at Rs 73.78 per litre, at Rs 73.02 in Noida, Rs 72.88 in Ghaziabad and Rs 74.01 in Faridabad.

Cheaper petrol and diesel in UP and Haryana has resulted in motorists, particularly truckers, refuelling in these states rather than in the national capital.

"Because of the high price in Delhi and low prices in states like UP and Haryana, customers are deserting the petrol pumps in Delhi, leading to a huge drop in sales," he said.

Singhania said the purpose of the day-long strike was to invite the attention of the Delhi government towards the issue and the Association will decide on the next course of action depending on the response of the government.

Following the October 5 price cut, Haryana and UP were among various other states that reduced VAT on petrol and diesel.

DPDA asked the Delhi government to immediately follow leads of other states and reduce VAT on petrol and diesel to encourage commuters to buy Euro-VI grade fuel.

After the Centre cut excise duty by Rs 1.50 per litre and asked PSU oil firms to subsidise fuel by Re 1, Maharashtra and Gujarat governments were among the first to announce a matching Rs 2.50 cut.

They were later joined by Chhattisgarh, Jharkhand, Tripura, UP, Madhya Pradesh, Himachal Pradesh, Haryana, Assam, Uttarakhand, Goa, Arunachal Pradesh and Bihar with similar moves. Jammu and Kashmir, which is under the governor's rule, too reduced the tax on the two fuels.

Maharashtra, however, reduced VAT only on petrol and not on diesel.

Even before the excise duty cut, Rajasthan, West Bengal, Karnataka, Kerala and Andhra Pradesh last month reduced VAT to cushion consumers for a spate of price hikes.

Delhi government has however till date not cut VAT on either of the fuels.


Sensex rebounds 332 pts on easing crude, rupee gains
Govt mulls second round of 2,500 MW medium-term PPA auction
India invites Swedish companies to explore investment opportunities
Govt cancels ED officer Rajeshwar Singh's leave
Facebook blocks 115 accounts ahead of US midterm elections
Indian norms on PCA, capital are conservative, rule-based: SBI
SBI back in black on credit growth
TN transport employees threaten to go on strike
Ease of biz ranking: Indian can improve further, says Jaitley
Rupee declines 11 paise to close at 73.27 against US dollar
Gold rises in futures trade; up 0.54% on global cues
Mistry announces startup fund on 2nd anniversary of his ouster
BSE gets Sebi's nod to launch Oman crude oil contract
Sensex cracks 34,000-mark, Nifty below 10,200 on weak global cues
RBI likely to stay on hold for rest of FY'19 : Report
Japan introduces Artificial Intelligence technology to ease business
Reliance Industries posts net profit of Rs 9516cr in Q2
Infosys Q2 net profit grows 10.3% to Rs 4,110 crore
Trillions in US net worth vulnerable to recession: IMF
Will cause third World War if I join politics: Indra Nooyi
KERALA NEWS
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
 Thiruvananthapuram, OCT 27: As the number of people arrested for allegedly being involved in violent  
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
INTERNATIONAL NEWS
UK says Brexit deal 'almost within touching distance'
 London, Nov 13 (AP) Britain and the European Union are "almost within touching distance" of a Brexit
Trump criticises Macron again over European defence remarks
175 dead, over 10,000 affected by Nigeria cholera outbreak
Lankan parties move SC against Parliament dissolution by Prez Sirisena
NATIONAL NEWS
Infiltration bid foiled by Army in J&K, two terrorists killed
 Srinagar, Nov 13 (PTI) Two unidentified terrorists were killed Tuesday when the Army foiled an infil
Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities
Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions
PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.