Cut in fuel prices with eye on bypoll

Cut in fuel prices with eye on bypoll

A bipartisan consensus emerged on Tuesday after Gujarat, Maharashtra and Himachal Pradesh cut value added tax (VAT) on petrol and diesel in tandem with the central government's decision last week to reduce excise duty, stoking expectations that the inclusion of petroleum products in the goods and service tax (GST) may happen sooner. The decision was taken days after the Finance Ministry asked state chief ministers to cut retail Value-Added Tax rate on petrol and diesel by as much as 5 pe cent, following an excise duty cut of Rs 2 per litre on both. Earlier, Gujarat, Maharashtra and Himachal Pradesh had announced cut n fuel. The central government decision to cut the excise duty on petrol and diesel came as a relief to consumers from three-month long relentless price hike. An additional Rs 1.50 has been reduced in the cess on diesel. Prime Minister Modi had previously advised the states to cut back the prices on Petrol and Diesel to give some relief to people and the effect seems to have taken place as the states are now announcing cut backs.

The revised rates will be applicable from Friday midnight, he said.

Nine Inch Nails Record New Version of 'Halloween' Theme
It starts with a long period of silence before launching into some of the classic theme, which builds to a howling midpoint. Carpenter has described their rework as "moody and dark", praising the pair for doing "amazing justice to the original".

The uptick in petrol and diesel prices weighed heavy on consumer inflation in September, contributing to 5.56 per cent of the index. "Going by the crude oil prices in global market, the petrol price should be less than Rs 50 per litre. We will make a strong plea to the Union Petroleum Ministry to lower this base price", Nitish Kumar said.

Related Articles

  • Australia's Adam Zampa describes Guwahati bus attack as 'pretty scary'

    Australia's Adam Zampa describes Guwahati bus attack as 'pretty scary'

    The game won by Australia was the first worldwide match to be played in the north-eastern city of Guwahati for eight years. Players and staff were travelling back to the hotel from the Barsapara Stadium, when the bus was hit.
    Danny Ainge: Isaiah Thomas 'Part of Celtic History Forever'

    Danny Ainge: Isaiah Thomas 'Part of Celtic History Forever'

    So, I understand his sentiments, but you guys know how much I love Isaiah. Ainge was asked if he'd ever try to clear the air with Thomas.
    'Diet' Avocados Exist And We're Really Confused

    'Diet' Avocados Exist And We're Really Confused

    The company also claims light avocados has a slower oxidation rate, get ripe faster and are available all year round. In order to find the "light" avocados , Isla Bonita analyzed 32 varieties of the fruit in six different countries.
  • Linkin Park shares 'Carpool Karaoke' segment with late frontman Chester Bennington

    Linkin Park shares 'Carpool Karaoke' segment with late frontman Chester Bennington

    The episode was dedicated in Bennington's memory and was released with the blessing of his family and Linkin Park band mates. It also shows a photo of Bennington with the words "In memory of Chester Bennington , March 20, 1976-July 20, 2017".
    Consumer Prices Accelerated in September

    Consumer Prices Accelerated in September

    The report also said the annual rate of producer price growth accelerated to 2.6 percent in September from 2.4 percent in August. Headline retail sales growth was up 1.6% month-over-month when 1.9% growth was expected.
    Reactions in Germany was bad after loss to Iran: Wueck

    Reactions in Germany was bad after loss to Iran: Wueck

    The coach said the players are the future of Guinea and they have gained some valuable experience from the tournament. Guinea, who had more possession overall in the game equalized in the 26th minute.
  • European Union  says Brexit negotiations could take longer

    European Union says Brexit negotiations could take longer

    British Prime Minister Theresa May could have more to say on the Brexit financial settlement at the summit, her spokeswoman said. Speaking from Brussels, the EU's chief Brexit negotiator, Michel Barnier, said: "We worked constructively".
    Mum-of-eight eight dies in freak skydiving accident for 50th birthday

    Mum-of-eight eight dies in freak skydiving accident for 50th birthday

    In a statement issued this evening, Skydive Australia said it had suspended operations at Mission Beach following the tragedy. The victims - two men in their 30s and a woman in her 50s - were taking part in a jump at Mission Beach in Queensland.
    NeNe Leakes fired from Xscape reunion tour after making rape joke

    NeNe Leakes fired from Xscape reunion tour after making rape joke

    Pictured: Leakes attends VH1 Hip Hop Honors: The 90s Game Changers at Paramount Studios on September 17, 2017 in Los Angeles. After Saturday night's event at the Paramount Theater, Leakes released a public apology via her Facebook account.
  • Stock'S Earning Overview Marathon Oil Corporation (MRO)

    Stock'S Earning Overview Marathon Oil Corporation (MRO)

    Other large investors have also bought and sold shares of the company. 47 funds opened positions while 62 raised stakes. The Clarivest Asset Management Llc holds 325,008 shares with $8.61 million value, up from 150,705 last quarter.

    Sirius XM Holdings Inc. (NASDAQ:SIRI), Morgan Stanley (NYSE:MS)

    Finally, Advisor Partners LLC grew its position in shares of Sirius XM Holdings by 103.7% during the second quarter. The high and low revenue estimates for the current quarter are $1.41 Billion and $1.38 Billion, respectively.

    Ford Motor Company (F) Holdings Increased by Koshinski Asset Management, Inc

    Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.56 average brokerage recommendation. Crestpoint Capital Management Llc sold 38,700 shares as the company's stock declined 3.45% while stock markets rallied.