Too little, too late, says Opposition on fuel price cut

Too little, too late, says Opposition on fuel price cut

Some states such as Gujarat, Chhattisgarh, Tripura, Uttar Pradesh, Assam and Maharashtra, ruled by Modi's BJP, cut their own taxes following the federal government's announcement. Customs duty has also been increased manifold.

"Ever since the Modi government assumed office, it has raised excise duty on diesel by Rs 14 and petrol by Rs 9 per litre". Similarly, diesel rates were reduced to Rs 72.95 a litre from all-time high of Rs 75.45. Congress chief spokesperson Randeep Surjewala said the government had evidently panicked at the prospect of losing the assembly polls.

Jaitley made this announcement at a surprise press conference in New Delhi where he once again, blamed worldwide crude prices for the near-daily rise in petrol and diesel prices.

The central government had cut petrol and diesel prices by Rs 2.50 per litre, factoring in excise duty reduction of Rs 1.50 per litre and asking oil companies to absorb a rupee per litre.

Surjewala said that, on 16 May 2014, the price of crude oil was $107.09 per barrel and the present price of global crude is $86 per barrel, with the average crude price during 52 months of Modi government being $58 per barrel, almost 45 per cent less than the UPA tenure. Oil prices were on freeze for 19 days during the Karnataka Assembly polls in May this year despite a spike in worldwide crude prices. The average crude price during the 52 months of Modi government is 58 dollars per barrel which is almost 45 per cent less than what it was during the UPA tenure.

Head of Interpol disappears during visit to China
Meng was last seen leaving for China from Interpol's headquarters in Lyon, southeast France, in late September, the source said. French police are investigating what is officially termed in France a "worrying disappearance".

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Viewers will be able to access the episodes through the Syfy channel, Syfy On Demand, online at Syfy.com and in the Syfy app . Episodes 1-5 will have their broadcast debut Sunday, December 2 through Thursday, December 6.

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Californian Governor Jerry Brown passed the strictest net neutrality law in the country on Sunday evening. Though the FCC would come back with a counter to block their efforts once again, stated Lyons.

The CPI said the price cut was a joke played on the people of India in the festival month.

As a result of the duty and subsidy from oil companies, petrol price in Delhi was cut by Rs 2.5 per litre to Rs 81.50 a litre.

Asia's second-biggest economy and the fastest-growing is particularly vulnerable to the effects of oil market movements as it is dependent on imports of crude oil for over 80 percent of its consumption. They did not pass on the benefit to the consumers. But it is unclear how many of India's 29 states will meet the request, though some had in recent weeks already reduced their take.

Jaitley also asked state governments to cut value added tax on fuel by a further 2.50 rupees per litre. It demanded reintroduction of the administered price mechanism in fixing the price of petroleum products.

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