Andhra CM announces Rs 2 cut in petrol, diesel price from Tuesday

Hike in fuel prices for third consecutive day

The other highest centres include Nanded where petrol was retailing at Rs 89.93 per litre and diesel Rs 77.90, and Amravati Rs 89.93 and Rs 78.84. And diesel? Rs 77.92 per litre. In Mumbai, a litre of petrol costs Rs 87.77 and diesel comes for Rs 76.98, the notification said.

Petrol prices were increased to Rs 88.26, Rs 83.75 and Rs 84.05 per litre in Mumbai, Kolkata and Chennai respectively on Tuesday. "Bharat bandh evokes good response in Chhattisgarh Congress" Bharat Bandh against rising fuel prices evoked a good response in the BJP-ruled Chhattisgarh where many business establishments remained shut in major cities including Raipur and buses stayed off roads.

Petrol prices on Tuesday breached the psychological barrier of Rs 90 and touched a scorching Rs 90.11 in Maharashtra's Parbhani - a new record in India, an official said.

The Congress party along with other Opposition parties called a nationwide strike across the country on Monday to protest against the rising prices of petrol and diesel and the falling value of the rupee against the USA dollar.

Two reasons why a NAFTA deal could be imminent
Trudeau has deemed the cultural exemptions a red line and something that must be included in any new agreement. Trudeau's comments came as Foreign Affairs Minister Chrystia Freeland returned to Washington to meet with U.S.


AP now levies around Rs 4 a litre of value added tax on petrol and diesel, earning around Rs 2,240 crore a year through state taxes on fuel. The spike in prices has renewed calls for cut in excise duty but Finance Minister Arun Jaitley has remained non-committal, saying global oil prices are volatile and have not shown any linear movement.

State-owned oil firms had in June previous year discarded the policy of changing fuel rates on the first and 16th of every month, and resorted to daily price revision instead. Rajasthan had also reduced the taxes on both, diesel and petrol.

Here is one aspect that Left parties who are in the forefront of the nationwide hartal against the galloping fuel prices on Monday should ponder. "If taxes are cut, prices will decline significantly". Mumbai has the highest Value-Added Tax of 39.12 per cent on petrol, while Telangana levies the highest Value-Added Tax of 26 per cent on diesel. "The decision to slash taxes on diesel and petrol by Rs 2 a litre was taken only keeping in view the unbearable burden on the common man despite the financial crisis in the state with deficit budget", said Naidu.

As it stands, the sales tax the state has imposed on petrol is 30.37 per cent, and that on diesel is 23.81 per cent. It is true, what he has done in four years had not happened in 70 years.

Related News:

  • North Korea holds celebratory military parade - minus the missiles

    North Korea holds celebratory military parade - minus the missiles

    President Trump also praised his own leadership by saying communication with Kim is "much better than before" he took office. The parade also provided Kim an opportunity to show off restored ties with his most important ally, China.
    Burt Reynolds Has Passed Away

    Burt Reynolds Has Passed Away

    But Burt didn't let his financial issues hold back his career, going on to star in 47 films after declaring bankruptcy. The entertainment website says he went into cardiac arrest and was rushed to a hospital in Florida .
    Harry and Meghan's heartwarming visit to WellChild event

    Harry and Meghan's heartwarming visit to WellChild event

    Markle fans know that the former Suits star is an avid dog-lover and had two pups of her own, Guy and lab/shepherd mix Bogart. Meghan , Duchess of Sussex attends the WellChild awards at Royal Lancaster Hotel on September 4, 2018 in London , England.
  • Browns, Steelers play to 21-21 tie

    Browns, Steelers play to 21-21 tie

    The Browns revamped offensive line, with rookie Desmond Harrison at left tackle, surrendered - sacks. Backup James Conner had 135 yards rushing and two touchdowns and caught five passes for 57 yards.
    Iran, Russia and Turkey leaders to meet for crunch talks on Syria

    Iran, Russia and Turkey leaders to meet for crunch talks on Syria

    President Recep Tayyip Erdoğan on Friday arrived in Iran to attend a trilateral meeting on Syria in the Iranian capital Tehran. The White House said that the US would respond "swiftly and vigorously" if Syrian forces used chemical weapons in Idlib.
    Body of 1 person found after boats crash on Colorado River

    Body of 1 person found after boats crash on Colorado River

    It took place on the Colorado River , right on the boarder between Arizona and California . Moabi Recreational Park was a busy location with people celebrating the Labor Day holiday.
  • Apple says United States  tariffs on China would hit 'wide range' of products

    Apple says United States tariffs on China would hit 'wide range' of products

    The administration should cease further tariffs actions and give another shot at talks for a trade deal with with China, it said. US companies are joining forces to oppose a common threat-tariffs.
    Police raid home of couple who raised $400K for homeless man

    Police raid home of couple who raised $400K for homeless man

    Contacted by Gizmodo , the couple's lawyer, Earnest Badway, declined the opportunity to comment on the latest developments. He sued them to try to recover the donated funds, but earlier this week, a lawyer for the couple said the money was gone .
    Pogba hints at potential United exit

    Pogba hints at potential United exit

    Whether or not Martial can be tempted into signing a new deal at Old Trafford while Mourinho remains at the club, is hard to say. However, on Thursday, he said: "It's not me who's talking, I'm trying to do my job and work on myself physically".
  • Tesla Accounting Chief Quit After Elon Musk Ignored Pitfalls of Going Private

    Tesla Accounting Chief Quit After Elon Musk Ignored Pitfalls of Going Private

    It later said that Chief People Officer Gaby Toledano would not return from a leave of absence, just over a year after joining. He said: I think the future in where we are a space-faring civilisation out there among the stars, that is very exciting.
    TROPICS: Florence to become a hurricane today; TD 9 strengthening

    TROPICS: Florence to become a hurricane today; TD 9 strengthening

    Helene is within 300 miles from the islands and its tropical storm conditions are expected to begin impacting them Saturday night. The storm is forecast to get uncomfortably close to parts of the USA east coast, including the Carolinas.
    Alibaba co-founder Jack Ma to retire

    Alibaba co-founder Jack Ma to retire

    Jack Ma who will be turning 54 on September 10 has said that after quitting Alibaba he wants to pursue philanthropy in education. A devotee of tai chi, he has made references to Chinese martial arts in both business strategy and corporate culture.


Most liked

SC's Price-Gouging Law Now in Effect Ahead of Florence
He told The Chronicle Sunday that once Florence hits land, destructive winds and vast rainfall flooding may take hold of the area. Emergency officials say they're keeping a close eye on the forecast and where to move resources to respond to the storm.

How much prize money each golfer earned at the 2018 BMW Championship
This article was written by Dan Gelston from The Associated Press and was legally licensed through the NewsCred publisher network. I talked to the tour a little while back and I didn't really think much of it and it becomes a situation then.

Aaron Rodgers is good to go next week
There is a very delicate balance for McCarthy to find in play-calling, and I don't want to make it sound obvious or easy. Backup DeShone Kizer took over behind center while Rodgers was being evaluated in the locker room in the second quarter.

Les Moonves Steps Down As CEO Of CBS Amid Sexual Assault Allegations
The company says it and Mr Moonves would donate $20m ($28m AUD) to groups supporting the #MeToo movement. Mr Moonves joined CBS in 1995 as head of entertainment, becoming CEO of CBS Corp in 2006.

I'll be back coaching soon - Zidane amid Man United links
The boss and the player seem to have gotten their worries behind them, and have settled last seasons's tension already. He told TVE: 'Certainly I'll be coaching again soon because it's what I like downing and what I've done all my life'.

Anger of British Airways customers after 380000 payments hit in data breach
Some 75,000 passengers were left stranded after a glitch forced the airline to cancel almost 726 flights over three days. BA says the breach relates to bookings made between 10.58pm on August 21 and 9.45pm on September 5.

Aaron Rodgers throws absurd TD pass to Geronimo Allison
Rodgers was injured when Bears defensive end Roy Robertson-Harris seemed to fall on his left knee after a second-quarter sack. He ran 64 yards after the catch for a 75-yard go-ahead touchdown with 2:13 left. "I just felt something in it".

Serena or Osaka? We hit the NY streets to ask fans
The Japanese saved two more break points in her next service game and then it was Keys's turn to get rattled. Her 10 WTA singles titles include one on the clay court at Stuttgart, a win that took even her by surprise.

Apple should make its products in United States to avoid tariff hit
The tweet came after Apple warned that Trump's proposed tariffs on $200 billion of Chinese-made products would affect the company. The company has not announced plans to move manufacturing from China to the U.S.

Ramos not worried about Salah backlash
Luis Enrique spoke to the media in England on the eve of his first game as the manager of his national side. I know the English fans will give the receptions players deserve.

Jurgen Klopp Is 'Already Talking' With Exciting PSG Midfielder
Firmino is being a great guy, his family has given a good support to me and Alisson. The pre-season was very good, we had nine friendlies and I played nine", he said.

Nadal 'bagelled' but survives Thiem test to reach semis
The win was sealed when Thiem missed a hard overhead smash long, and Nadal looked to the sky, equal parts overjoyed and relieved. Still, it was Isner who struck first, closing the opening tiebreaker with a 132 miles per hour (212 kph) ace down the middle.

Melania Trump Slams 'Cowardly' Trump Administration Official's New York Times Op-Ed
Coats said in a statement that speculation that he or his principal deputy wrote the piece was "patently false". Vice President Mike Pence also denied writing the opinion piece.

6 reasons why Le'Veon Bell should hold out until Week 10
I agree that you need to earn all the money and security for you and your family but there is a time and a place for everything. Unlike Bell, I wasn't under the franchise tag, but I held out for 38 days prior to the 2012 National Football League season.

FIFA Awards: Ronaldo, Modric, Salah nominated but Messi snubbed
We have been knocked out in the quarter-finals in the last three seasons. "It's time to win the Champions League ", Messi said. On CR7's move, he goes on to say: "It surprised me". "I am at the best club in the world, where I want to be".