Petrol prices jump to a four-year high, Modi government remains mute spectator
New Delhi: The Centre remained a mute spectator as petrol prices jumped a four-year high of Rs 73.73 per litre in Delhi on Sunday and diesel rates climbed to an all-time high.
In between 2014-16, the government raised excise duty on the two fuels nine times saying that it would reduce the levy when prices go up significantly.
In February, the government had last abolished the additional excise duty on the fuels by Rs 6 but the effect was negated after a new road cess of Rs 8 per litre was introduced on the Union Budget day.
Since June last year, petrol prices are being revised on a day-to-day basis.
After crude oil prices started nearing $70 a barrel, the petroleum ministry had sought finance ministry's intervention to cut down the excise duty on petrol and diesel in the Budget. But Finance Minister Arun Jaitley's Budget did not affect any such cut.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Adequate LPG stock in Chhattisgarh, no need to panic, says CM Sai
Raipur (PTI): Amid reports of shortage of commercial LPG cylinder in several parts of the country due to the US-Israel-Iran conflict, Chhattisgarh Chief Minister Vishnu Deo Sai on Tuesday assured people that they need not worry about the availability of cooking gas in the state.
He asserted that adequate stock of LPG as well as petrol and diesel was available in the state.
Sai said in a statement that authorities have been directed to regularly monitor stock at gas agencies and keep a close watch on the supply chain. Necessary instructions were issued to officials in all districts to ensure a smooth supply of LPG.
The chief minister instructed officials to take strict action if any complaint of black marketing or hoarding of LPG cylinders is received.
Sai urged state residents not to pay attention to rumours and to book cooking gas cylinders as per their actual requirement.
The government was fully alert to ensure the availability of essential commodities to citizens, he emphasised.
Meanwhile, the Chhattisgarh Hotel and Restaurant Association has issued an advisory to hotels, restaurants, caterers and other food businesses across the state, urging them to maintain calm and avoid panic buying.
In the advisory, Taranjeet Singh Hora, president of the association, asked members to maintain coordination and immediately inform it about any major disruption in LPG supply.
He cautioned businesses against hoarding cylinders, saying such practices could worsen the situation for the entire hospitality sector.
The association advised hotels and restaurants to prioritise essential kitchen operations, core menu items and already committed banquet events.
Use electric cooking equipment wherever possible for emergency and staff kitchens such as induction cooktops, electric hot plates, electric rice cookers and kettles, the advisory stated.
