However, Finance Secretary Hasmukh Adia told a post-budget media briefing that the changes won't affect the customer.
As petrol is the basis of all trades, rise in price of petrol across several metros gives a significant indication that there will be an upward effect in inflation.
Branded petrol has basic excise duty of Rs 7.66 per litre which has been slashed to Rs 5.66 per litre. While the government has cut excise duty, petrol prices are likely to remain the same as a new road cess of Rs 8 per litre has been introduced.
The government has cut excise duty by Rs 2 and it now stands at Rs 4.48 per litre.
A sales tax of 30% and 19%, respectively, is levied on petrol and diesel in Karnataka, which is much higher than many states.
In the third week of January, petrol price in Mumbai surged to Rs 80.10 per litre followed by Kolkata which saw the second highest rate of petrol among metro cities.
The diesel price goes up by Rs5.92, while the price of kerosene oil by Rs5.94.
The petrol and diesel prices do not come under the GST.
The latest uptick in crude price follows comments from Saudi Arabia that major oil producers were in agreement that they should continue cooperating on production after their deal on supply cuts expires at the end of 2018.
Meanwhile, spokesperson of the prime minister has issued clarification relating to increase in the petroleum prices.
Addressing a press conference post the presentation of the Economic Survey 2017-18 here, Subramanian said the present oil prices had impacted government finances and held back real economic activity. The government, however, may choose to levy an additional cess on diesel and petrol. The first factor is the price of crude oil in the global market, the second factor is the value of Indian Rupee against US Dollar at the time of import. Declining drilling activity for new oil production in the United States has further supported crude prices.
The drivers said they found the fruit laying on the ground, but did not have the proper paperwork to carry that much produce. Local media reports that the cars took off when authorities attempted to stop them, leading to a short chase.
New research , complete with haunting recordings, shows that orcas are shockingly good at imitating human speech. When we tried "hello" and she did the sound... some emotional responses came from the trainers.
The Trump administration asked for a budget of $636.1 million previous year , a almost 70% reduction, but Congress balked. But the Trump administration will significantly lower that amount to $575.5 million for 2019, the Post reported.
It was the biggest deal in 7 years, part of their new plan to strengthen their presence in the rare blood diseases market. Both Pfizer and Merck KGaA are now looking to divest consumer health businesses.
Hank Idsinga confirmed Wednesday that a planter from a home on Balmoral Avenue, in the area of Yonge Street and St. He said McArthur took amyl nitrate, more commonly known as poppers, a drug that gives an intense temporary high.
Once you have enough to create Tranquility Bombs or nets to make traps for a large monster, you'll be ready to hunt and capture. Remember, sometimes it's best to capture a monster over flat out killing it since it's faster and you'll earn more rewards.
What actually matters in determining if Facebook is a buy now is whether it can continue its torrid MAU, revenue, and EPS growth. Zuckerberg called 2017 "a strong year for Facebook " but acknowledged that "it was also a hard one".
Fitzgerald became director of the CDC in July, bought stock in Japan Tobacco in August 2017, and sold it at the end of October. Representative Tom Price, resigned over his use of expensive taxpayer-funded private charter jets for government travel.
Right now we have just three strikers, with Raheem (Sterling), for the next month or month and a half. I am happy with him and he is enjoying his football and playing, this is the most important thing.
While this may be the end of Cousins with the Washington Redskins , it is just the beginning of speculating where he will end up. Because of that connection, Smith and the Browns have been linked nearly from the moment Dorsey was hired in December.
Spotify have a new app Stations that's all about playlists
It also seems to include the popular curated playlists on the regular Spotify app like "Discover Weekly", and "Today's Top Hits". According to TC, Spotify is testing the app in Australia, but that it's not compatible with a lot of Android devices.
Apple Cutting iPhone X Production In Half, Report Claims
A leading Apple analyst says that Apple's resources may be stretched too thin to come out with a successor to its tiniest iPhone. The high price tag might have put off prospective customers and Apple's holiday sales were reportedly worse than it expected.