Petrol price cut by Rs 1.15, diesel up 50 paise

November 1, 2013

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New Delhi, Nov 1: State-run fuel retailers on Thursday cut petrol price by Rs 1.15 a litre, excluding local taxes, the second reduction in a month that would help spread some cheer ahead of Diwali.

As expected, the retailers also raised diesel price by 50 paise a litre in line with the government's January decision to go for small revisions every month till the gap with the market rate is wiped out.

The new prices will be effective from the intervening midnight of Thursday and Friday. For petrol, the actual cut at pump level will be Rs 1.38 from Rs 71.02 in Delhi due to incremental reduction in VAT. Similarly, it will cost Rs 78.04 a litre in Mumbai against Rs 79.49.

Diesel price in Delhi has been hiked by 56 paise to Rs 53.10 per litre, while it will cost Rs 60.08 in Mumbai, up from Rs 59.46.

This is the 10th hike in diesel price and should have brought the fuel's rate to market level. But the rupee's devaluation widened the gap between government-controlled retail and market prices to Rs 14.50 per litre. After Thursday's hike and the recent hardening of the rupee, the gap is pegged at Rs 9.58.

Petrol rates were last reduced on October 1 by Rs 3.05 per litre, or Rs 3.66 after including VAT in Delhi. This was the first cut since June and came after seven increases aggregating Rs 10.80 per litre, excluding VAT, or Rs 13.06 after including state tax as the rupee depreciated sharply against the dollar.

"Since the last price change, international prices of petrol have declined marginally from about $113 per barrel to about $112. The rupee-dollar exchange rate has appreciated from around Rs 63 to a dollar to around Rs 62. Both these factors have resulted into a reduction in prices of petrol," IndianOil Corporation, the nation's largest fuel retailer, said in a statement.

Besides diesel, oil firms are losing Rs 35.77 per litre on sale of kerosene and Rs 482.50 per 14.2-kg domestic cooking gas cylinder. These are lower than Rs 38.32 and Rs 532.50 loss incurred last month.

At current rates, IOC projected a revenue loss of Rs 71,200 crore on sale of diesel, cooking gas and kerosene for the 2013-14 fiscal. If figures for all the three retailers are taken together, under-recovery would be Rs 135,900 crore.

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News Network
May 30,2024

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As Punjab votes in the last phase of 18th Lok Sabha polls on June 1, former Prime Minister Manmohan Singh in a letter addressed to the voters of the state said that PM Narendra Modi has indulged in most vicious form of hate speeches, which are purely divisive in nature.

"Modi has indulged in most vicious form of hate speeches, which are purely divisive in nature," said Singh in the letter shared by Congress on social media platform X.

Singh in the letter added that 'no PM in past has uttered such hateful, unparliamentary terms to target either a specific section of society or opposition.'

"No PM in past has uttered such hateful, unparliamentary terms to target either a specific section of society or opposition," remarked Manmohan Singh in the letter.

“In the past ten years, the BJP government has left no stone unturned in castigating Punjab, Punjabis and Punjabiyat. 750 farmers, mostly belonging to Punjab, were martyred while incessantly waiting at Delhi borders, for months together. As if the lathis and the rubber bullets were not enough, none less than the Prime Minister verbally assaulted our farmers by calling them "Andolanjeevis" and "Parjeevi" (Parasites) on the floor of the Parliament. Their only demand was the withdrawal of the three farm laws imposed on them without consulting them," said the former Prime Minister.

On economic front:

Manmohan Singh further continuing his attack on Modi-led government said that in the past 10 years, 'the nation's economy has witnessed unimaginable turmoil.'

"The imposition of the demonetisation disaster, a flawed GST, and the painful mismanagement during the COVID pandemic has resulted in a miserable situation, where an expectation of a subpar 6-7 per cent GDP growth has become the new normal. Average GDP Growth under BJP Government has plunged to under 6 per cent, while during Congress-UPA tenure, it was about 8 per cent (New Series)," commented Singh.

"While the Congress-UPA, despite challenges, increased the purchasing power of our people, the misrule of the BJP Government has resulted in depletion of household savings to a historic 47-year low. Rural wages have witnessed a systematic fall, and wage disparity has led to widespread distress," noted Singh in the letter.

On Agniveer scheme:

On Agniveer scheme, Singh said "BJP govt imposed Agniveer scheme; it thinks value of patriotism, service is only 4 years, shows their fake nationalism."

"Those who trained for regular recruitment were woefully betrayed by the outgoing regime. The youth of Punjab, the son of the farmer, who dreams of serving the motherland through the Armed Forces, is now thinking twice about getting recruited only for a 4-year stint. Agniveer Scheme endangers National Security. Congress party has therefore promised to abolish the Agniveer Scheme," added Singh.

Earlier. during campaigning in various parts of the country, PM Modi had accused Singh of saying that Muslims have the first right on the country's resources.Singh said people of India are seeing through all of this. "This narrative of dehumanisation has now reached its peak. It is now our duty to save our beloved nation from these forces of discord," Singh said in the letter.

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May 22,2024

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New Delhi: Acting on a one-month-old notice it sent to the BJP on complaints over Prime Minister Narendra Modi’s provocative and communal remarks, the Election Commission of India on Wednesday directed the saffron party’s star campaigners not to make speeches along 'religious/communal lines' and desist from statements that may 'divide the society'.

Separately, it also asked the Congress' star campaigners not to give 'false impression' of abolishing or selling the Constitution, make speeches that create 'mutual hatred or cause tension' between religious or linguistic communities or 'potentially divisive statements' regarding the socio-economic composition of the armed forces.

The EC’s letters to BJP president JP Nadda and Congress president Mallikarjun Kharge conveying its directions came 27 days after it issued separate notices to them on complaints against Modi, Kharge and Rahul Gandhi. Though the complaints were annexed in the notice that were sent to party chiefs and not the alleged violators, the names of violators were not mentioned.

It also comes ten days before the seven-phased elections are ending on June 1 though the notices were issued a day before the second phase of polls on April 25. While Nadda had responded to the letter on May 13 after seeking two extensions, Kharge submitted his arguments on May 6 after seeking one extension. They were initially given time till April 29.

In its letter to Nadda, the EC said he has not denied the utterances mentioned in the Congress complaint though it 'stoutly defended' the campaign methods and remarks while invoking a 'unilateral drawing of inferences and interpretations' of star campaigners of opponents. It said its star campaigners continued with objectionable utterances even after the April 25 notice.

The latest communication came against the backdrop of complaints by Congress and other parties which referred to Modi’s speech in Banswara as “communal” where he spoke about Congress seeking to redistribute people’s wealth to “infiltrators”, in a veiled reference to Muslims, and that women’s ‘mangalsutras’ will be snatched.

Emphasising that Nadda’s defence was 'not tenable', the EC said, 'directs you as party president to also convey to all star campaigners to not make speeches and statements, which may divide the society. Directs BJP and its star campaigners to refrain from any campaigning methods/utterances along religious/communal lines'.

In its letter to Kharge, the EC said Kharge too has justified Congress star campaigners’ contentious remarks while claiming that the complaint had 'wilfully extracted only specific portions, devoid of context, to mislead the Commission'. Kharge also claimed that the BJP leaders were making 'motivated statements' invoking religious sentiments to attract voters.

The EC, which had taken cognisance of complaints against Kharge and Rahul, said the assertion of Congress’ star campaigners about the BJP attempting to change the Constitution was allegedly instilling fear in the minds of voters about an uncertain future and an attempt to spread anarchy in the country and could be considered as “corrupt practice” under election laws.

While insisting that it cannot accept the Congress arguments and find it untenable, the EC directed Kharge to convey to all star campaigners that they do not make statements which give a 'false impression such as the Constitution of India may be abolished or sold'.

Amid the Congress making a campaign point on the controversial Agniveer scheme, it also directed him to convey to star campaigners that they should not indulge in political propaganda involving the military and not make 'potentially divisive statements' regarding socio-economic composition of defence forces.

Both the party presidents to ensure that star campaigners refrain from making any statement that may “aggravate existing differences or create mutual hatred or cause tension between different castes and communities, religious or linguistic”.

The EC also referred to controversial statements after the April 25 notice by star campaigners from both sides in its letters, referring to complaints and counter complaints.

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May 26,2024

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New Delhi: Union Home Minister Amit Shah has asserted that the BJP will get a bigger win in opposition-ruled states due to a 'positive mandate' for Prime Minister Narendra Modi in the Lok Sabha polls, as he slammed the opposition's criticism of the Election Commission as a ploy to cover up for its impending loss.

In an interview with PTI, Shah claimed that his party has not resorted to any religion-based campaign but insisted that if canvassing against reservation for Muslims, and reaching out to voters on the abolition of Article 370 and implementing a Uniform Civil Code is religion-based campaign, then the BJP has done it and will continue doing so.

He dismissed the opposition's criticism of the Election Commission for its handling of poll data and the issue of Electronic Voting Machines (EVMs), saying that similar protocols and practices have been followed in previous assembly polls, including Telangana, West Bengal and Himachal Pradesh where the BJP lost.

"If those elections were fair, then this election is also fair. When you see defeat, you start crying in advance and try to find excuses to go abroad. This can't go on and on. They want to go on vacation on June 6. So, they are telling something or the other," he said.

The Congress's questions about the polling process is aimed at covering up Rahul Gandhi's failure, he said.

Shah said the opposition party had not offered any such suggestion at the customary all-party meeting called by the poll watchdog before the elections. "Whenever the opposition loses an election, they raise some questions. There is zero possibility of rigging in EVMs and they want an election which can be rigged."

With six phases of the seven-phase Lok Sabha polls over, the BJP's key strategist said the party's assertion that its alliance will cross the 400-seat mark when the poll results are out on June 4 is not merely a poll slogan but a well thought-out goal.

He said, "We will surely cross 400 seats. We will also form governments in Odisha, Andhra Pradesh and Arunachal Pradesh."

Assembly polls in the three states have been held alongside the Lok Sabha elections.

"If we get 399 seats and you say we have not crossed 400, then it is your wisdom. But the '400 paar' slogan is based on calculation and considered opinion," Shah said in his characteristic combative and sure-footed manner.

Asked if the party was overly dependent on Modi and if a relatively weak opposition was benefitting from its alliance, he said it was not a negative but a positive vote which the ruling alliance is receiving.

"This is not a negative vote. Please accept one thing. This is a positive vote. We will get people's support where (in states) we are in power. And mark my words...where we are not, we will be getting a bigger mandate. So this is a positive mandate for the work of the central government," he said.

As Modi has brought to fruition the BJP's core ideological plans, be it the poor's welfare, a secure country, abrogation of Article 370, a uniform law (UCC) across the country, women's reservation and Ram temple, his popularity naturally becomes the strength of the BJP, he added. "He is our biggest leader."

He accused the main opposition party of misleading people on the issue of Muslim reservation, insisting that its accusation that the BJP has been telling a lie rings hollow as it has already implemented such a religious quota in Karnataka and Andhra Pradesh.

"If they divide the truth in pieces to mislead people, then isn't it our duty to put these pieces together and inform people," he said, defending Modi's intense attack on the Congress over the religious quota and the issue of redistribution of wealth.

"You might have heard and understood Rahul Gandhi's X-ray speech. So you want X-ray of what? And if you want to distribute it equally, then who will you distribute to? Manmohan Singh Ji said minorities are their priority. What do you make of this," he asked when questioned about the Congress's allegations against Modi.

To a question about the Congress's promise of giving Rs 1 lakh to women in poor households, he said the party has a history of making populist assurances to come to power but never fulfilling them.

Shah said, "They are in power in two-three states. They should at least fulfil this promise there. At least start giving Rs 1,500 which you promised (in Himachal Pradesh). You are talking about Rs 1 lakh, at least start giving Rs 1,500. Who will trust them."

Making his projection for the BJP in the states where the ruling party is eying major gains, he said it will anywhere between 24 to 30 seats in West Bengal and 16-17 in Odisha. Its alliance will bag nearly 17 seats in Andhra Pradesh. The three states have 42, 21 and 25 Lok Sabha seats, respectively.

Shah claimed that the BJP is set for a maiden majority in the Odisha assembly and expects to win 75 seats in the 147-member House. Its alliance will storm to power in Andhra too, he said.

People are angry with the Mamata Banerjee-led government over issues of corruption, cow and coal smuggling and infiltration, and the Sandeshkhali issue has exposed as to what extent she can stoop in her appeasement politics, he said.

With Modi spearheading the BJP's push in Tamil Nadu and Kerala, two states where the party has been so far unable to make much headway, in these polls, Shah said the party will certainly increase its vote share in the Dravidian state.

He said, "It is a very tight contest. We have a new team. I will not make an estimate with figures. But our seats and vote share will increase and we will certainly lay a strong foundation in Tamil Nadu. We can open our account in Kerala. We are in a good position in three seats."

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