2 months ago
2
The ruling Congress successful Karnataka connected Friday (March 27) termed the simplification successful excise work connected petroleum substance by the Centre arsenic a specified “balance expanse absorption and convenient accounting” to assistance lipid companies to profiteer by transferring their load to the authorities and yet onto the radical of India.
‘Election gimmick’
In a associated connection issued successful Bengaluru connected March 27, Chief Minister Siddaramaiah, Deputy Chief Minister D.K. Shivakumar and AICC General Secretary in-charge of Karnataka Randeep S. Surjewala alleged that the BJP authorities astatine the Centre was readying to hike gas-diesel-petrol prices soon aft the forthcoming elections to assorted State Assemblies.
“As the West Asia situation looms large, Nayara Energy (formerly Essar) has hiked the terms of petrol by ₹5.30 per litre and terms of diesel by ₹3 per litre. This is simply a prelude to the imminent hike successful prices of petrol-diesel-gas arsenic the BJP authorities awaits the decision of the elections to 5 State Assemblies connected April 9 and 23, 2026,” they maintained, adding the Centre is present lone “trying to fool the people” by announcing simplification successful excise duty.
Over 11 years
“Over the past 11 years, the Modi authorities has collected ₹43 lakh crore by taxing petrol and diesel. This comes to astir ₹1,000 crore each azygous time since 2014,” they alleged.
“The terms of petrol connected May 26, 2014, during UPA regularisation was ₹71.41 per litre, portion the terms of diesel was ₹56.71 per litre. Now, petrol is selling astatine ₹102.96 per litre and diesel astatine ₹90.99 per litre successful Bengaluru. Going by the crude lipid prices successful 2014 ($108 per barrel) and that earlier the warfare successful West Asia ($70 per barrel), the terms of petrol should beryllium ₹61.60 per litre and diesel should beryllium ₹56.99 per litre now. The remainder is simply a sheer loot by the BJP,” the 3 leaders alleged.
“Similarly, the terms of an LPG cylinder has accrued from ₹412 successful May 2014 to ₹913 successful March 2026 — a emergence of ₹501, which is 121.6% summation implicit 12 years. The planetary LPG terms was astir $880.5 per tonne successful 2013‑14, and it is astir $542.5 per tonne successful March 2026, which is little by $339, representing a driblet of astir 38.5% implicit this period,” they argued.
