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Petrol & diesel consumers in non-BJP states pay upto ₹15/ltr more than consumers in BJP states because these states reduced their VAT on petrol & diesel after PM Modi Ji reduced central excise on these products in Nov 2021 & May 2022 while non-BJP did not reduce their VAT.
Hardeep Puri – Union Minister
Ministry of Petroleum & Natural Gas:
In the past few days, some areas have reported a big increase in instances of rush at the PSU Retail Outlets, leading to delays and increased waiting time for customers.
This has, in turn, led to speculation of supply constraints by the Public Sector Oil Marketing Companies.
It is a fact that at specific locations in some states, there has been a significant increase in demand for Petrol and Diesel, with an increase being as high as 50% during the first half of June 2022 over corresponding period of last year.
In particular, this has been noticed in Rajasthan, Madhya Pradesh and Karnataka.
These are States where large quantity of supply was being done by Retail Outlets belonging to Private Marketing Companies and where the distances from Supply locations i.e. Terminals and Depots are longer.
In general, the increase in demand has been on account of the Seasonal surge in demand due to agricultural activities, Bulk buyers having shifted their purchases to Retail outlets, and a substantial reduction in the sales by Private Marketing companies with their substantial volumes having shifted to PSU ROs.
Simultaneously, as a result of a crackdown by the Government on illegal Bio-Diesel sales, these volumes have also been added to the RO Diesel sale.
The production of Petrol and Diesel in the country is more than sufficient to take care of any demand surge.
This unprecedented growth has created some temporary logistics issues at the local level.
Oil Companies have geared up to tackle these issues by Increasing the stocks at the Depots and terminals; Extra movement of Tank Trucks and lorries to serve the Retail Outlets; Extended working hours of Depots and Terminals including at night, to cater to the extra demand, and provision of extra quantities of fuels for supply in the affected States.
The Companies are ensuring that sufficient supplies of Petrol and Diesel are available to cater to this extra demand, and they are committed to fulfill the energy needs of the nation.
Prime Minister’s Office:
I welcome the decision of the Delhi Govt to finally reduce VAT on petrol.
hardeep puri – union minister
Happy that non-BJP states are also following the example set by the Central Govt.
I again appeal to the remaining 6 non-BJP states to reduce VAT on fuel & bring relief to the people.
Ashok Gehlot – Chief Minister, Rajasthan:
In the Cabinet meeting today, it was unanimously decided to reduce the rate of VAT on petrol/diesel.
From 12 o’clock tonight, the rates will be reduced by Rs 4 per liter for petrol and Rs 5 per liter for diesel.
Due to this, the state government will incur a loss of Rs 3500 crore in annual revenue.
Kerala FM has today revealed some figures on taxes collected on petrol and diesel. If they are wrong, the Union FM must issue a rejoinder
p chidambaram – former union finance minister
The numbers reveal that Rs 3,72,000 crore wad collected in 2020-21 as excise duty, cess and additional excise duty.
Of this huge sum, only Rs 18,000 was collected as basic excise duty and 41% of that amount was SHARED with the states The remaining amount of Rs 3,54,000 crore went to the Centre
This is the model of ‘co-operative federalism’ practised by the Modi government!
Besides, where and how and on what was this humongous amount of Rs 3,54,000 crore spent?
One part was used to fill the hole created by reducing corporate taxes and giving the corporates a bonanza of Rs 1,45,000 crore
Ministry of Petroleum & Natural Gas:
Following the decision of the Government of India to significantly reduce Central Excise Duty on Petrol and Dieselby Rs. 5 & Rs. 10 respectively, 22 states/UTs have also undertaken commensurate reduction of VAT on Petrol and Diesel to give relief to consumers.
However, there are 14 States/UTs which have not undertaken any reduction in VAT in Petrol and Diesel. These are: Maharashtra, NCT of Delhi, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala, Meghalaya, Andaman & Nicobar, Jharkhand, Odisha, Chattisgarh, Punjab and Rajasthan.
The most reduction in the Petrol prices has been in UT of Ladakh, followed by Karnataka and Puducherry. The prices of Petrol in theseUTs/state have come down by Rs 13.43, Rs 13.35 and Rs 12.85 respectively.
For Diesel, the most reduction has been undertaken by UT of Ladakh, leading to price coming down by Rs 19.61 per litre there, followed by Karnataka and Puducherry.
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Conrad Sangma – Chief Minister, Meghalaya:
Meghalaya Cabinet has decided to provide a relief on the fuel prices in the state by reducing the VAT on petrol from 20% to 13.5% & diesel from 12% to 5% per litre, providing relief of ₹10 to our consumers.
Amit Malviya – National In-charge of BJP’s IT Dept.:
Now that GoI has slashed excise on fuel prices, will opposition States reduce VAT?
Delhi levies 30% VAT on petrol,
Mumbai (26% plus additional 10.12/litre),
Kolkata (25% or 13.12/litre, whichever is higher),
Hyderabad (35.20%),
VAT in Congress ruled Rajasthan is 36% plus 1500/Kl!
Similarly, VAT on diesel is extremely high in opposition ruled States.
It is high time that the opposition run States match Center’s positive decision and commensurately decrease VAT rates on both petrol and diesel else all their talk will just be just that – mere talk!
Thomas Isaac – Former Finance Minister, Kerala :
Prices hiked for fourth consecutive day pushing total increase in prices by ₹36 on petrol and ₹26.58 on diesel since May 2020 when taxes were hiked to deny people benefits of crash in crude price.
But now crude prices are rising Union Govt is refusing to roll back hike in tax .
P Chidambaram – Former Union Finance Minister:
The FM’s statement that servicing oil bonds stands in the way of giving relief on petrol and diesel prices is astonishing.
At best the statement is incredible ignorance; at the worst it is motivated malignity.
If the UPA government wanted to subsidise fuel prices, it had the choice of finding the money by borrowing directly or asking the oil companies to borrow.
In either case, servicing the loan (interest) would be the responsibility of the central government.
Every analyst and every lender knew that oil companies borrowed as a surrogate of the central government and mentally added the borrowing to the fiscal deficit.
Having profited several times over through exorbitant taxes and cesses on fuel, the NDA has no right to comment on the fuel subsidy.
The people know that UPA gave them relief and the NDA is crushing them through oppressive taxes and cesses.
Abhishek Singhvi – MP, Congress leader:
Harsimrat Kaur Badal – Former Union Minister :
The Centre & Cong govt in Punjab MUST reduce prices of petrol & diesel by Rs 5/litre each to give relief to the common man.
Strange that instead of reducing its own VAT, INC Punjab has planned a phony protest on March 1 to demand that GOI reduces the prices. It’s laughable!
Cong govt must fulfill its promises made to people of Punjab in its last budget, i.e., complete farm loan waiver, unemployment allowance, Rs 51,000 shagun, increase in old age & widow pensions and jobs for youth. If it’s not done, then Capt Amarinder knowingly made false promises
Centre should rethink & repeal the 3 Farm Laws which are being opposed by the farming community.
Cong govt in Punjab is equally responsible for this discrimination against Annadata as it gave the nod to Agri ordinances & now conveniently refusing to take up the issue with GoI.
I am glad to share that following my announcement in the vote on account in Assam Assembly today, Govt of Assam has announced reduction of ₹5/ ltr in prices of petrol and diesel.
Himanta Biswa – Minister, Govt of Assam
The same shall come into force from midnight today.
A Gazette notification has been issued
Dr Subramanian Swamy – MP, Former Union Minister:
Petrol price at Rs. 90 per litre is a monumental exploitation by Govt of India of the people of India.
The price ex-refinery of petrol is Rs. 30/litre.
All kinds of taxes and Petrol pump commission add up the remainder Rs.60.
In my view petrol must sell at max. Rs. 40 per litre.
Congress President, Sonia Gandhi joins the ‘SpeakUpAgainstFuelHike’ campaign :
Abhishek Singhvi, @DrAMSinghvi – National Spokesperson, Congress:
