Petrol prices, which have already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra, breached the barrier in Mumbai on Saturday.
While a raft of bearish calls predicting even worse demand this month has emerged after fuel consumption plunged in April, a closer look reveals marked differences from last year.
This was the fifth increase in prices since 4 May, when the state-owned oil firms ended an 18-hiatus in rate revision during assembly elections in states like West Bengal.
The BJP leader said that if petrol or diesel is brought under the Goods and Services Tax regime then states would suffer loss of Rs 2 lakh crore revenue.
With petrol prices touching around Rs 100 and diesel up to nearly Rs 90, Indians are dipping into savings or cutting down on expenses to meet their fuel need, says LocalCircles survey.
Before 2014, fuel price hike used to outrage the public. Today, nobody seems to care. The difference tells you a lot about what appears to be ‘public opinion’.
Along with crash in value of UST and Luna coins, Indian market for crypto assets also reeling under strict control imposed by government, with the imposition of TDS on all crypto transactions.
Doval's comments came at 4th Regional Security Dialogue on Afghanistan attended by national security advisors from Tajikistan, India, Russia, Kazakhstan, Uzbekistan, Iran, Kyrgyzstan & China.
Global order is in flux, and India is being wooed by all. It opens up economic, strategic & military possibilities unimaginable till recently. It is for India to take this opportunity.