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Centre buckles under criticism of rising fuel prices, cuts excise duty on petrol, diesel by Rs 2

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Excise cut on fuel

[vc_row][vc_column][vc_column_text]Excise reduced from Rs 21.48 per litre to Rs 19.48 on petrol, while excise duty on diesel down to Rs 15.33 from Rs 17.33 per litre

Amid rising criticism for its failure to pass on benefits of declining global crude oil prices to Indian buyers of petrol and diesel, the Centre has cut the excise duty on petrol and diesel by about Rs 2 a litre each to moderate the relentless rise in fuel prices over the past three months.

As a result of the Centre’s decision, petrol price was, on Wednesday, cut by Rs 2.5 a litre and diesel by Rs 2.25 following a reduction in the excise duty on auto fuels. On petrol, the excise has been cut to ₹ 19.48 from ₹ 21.48 and on diesel to ₹ 15.33 from ₹ 17.33 previously.

Petrol in Delhi now costs Rs 68.38 a litre, down from Rs 70.88. A litre of diesel will now cost Rs. 56.89, against Rs 59.14 previously, according to Indian Oil Corporation (IOC).

IOC Director (Finance) A K Sharma told news agency PTI that the cut in retail selling price was higher after factoring in its impact on the value added tax (VAT).

Excise duty is levied on fuel produced ex-refinery. Local sales tax or VAT is then levied on the total of ex-refinery cost plus excise duty and commission paid to the fuel dealers.

Until Tuesday, VAT on petrol in Delhi was Rs 15.07, while it now stands at Rs 14.54. Similarly, VAT on diesel came down to Rs 8.41 on Wednesday as opposed to the earlier rate of Rs 8.73.

The excise duty cut grants some relief to consumers who had been burdened by the relentless rise in petrol and diesel rates since July 4. While the petrol prices increased by Rs 7.8 to reach Rs 70.88 a litre in Delhi on Tuesday, the highest since August 2014, the diesel rates rose by Rs 5.7 to touch an all-time high of Rs 59.14.

The excise duty cut would cost the government Rs 26,000 crore in annual revenue and about Rs 13,000 crore in the remaining part of the current fiscal year that ends on March 31, 2018.

The BJP government, which had, between November 2014 and January 2016, raised excise duty on petrol and diesel on nine occasions to take away the gains arising from plummeting global oil prices, has been criticised for not cutting excise duty despite a sustained rise in fuel prices.

In all, the duty on petrol was hiked by Rs 11.77 a litre and that on diesel by Rs 13.47 in the past 15 months that helped government’s excise mop up more than double to Rs 2,42,000 crore in 2016-17 from Rs 99,000 crore in 2014-15.

While the costliest petrol was sold in September 2013 when it was priced at Rs 76.06 a litre in Delhi, the previous highest rate of diesel was also during the BJP rule in September 2014 when it was priced at Rs 58.97 a litre.[/vc_column_text][/vc_column][/vc_row]

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Congress, BJP attack Bhagwant Mann over remarks on Punjab blasts

Congress and BJP have jointly criticised Punjab CM Bhagwant Mann after he linked recent blasts near defence sites to political motives, triggering a controversy.

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Bhagwant Mann

A political row has erupted in Punjab after Chief Minister Bhagwant Mann linked recent blast incidents to political motives, drawing sharp criticism from both the Congress and the Bharatiya Janata Party (BJP).

The controversy follows two low-intensity explosions reported within a short span of time — one near the Border Security Force (BSF) headquarters in Jalandhar and another close to an army cantonment area in Amritsar. The incidents raised concerns over security, particularly given the sensitive nature of the locations.

In response, Mann suggested that the blasts could be part of a larger political strategy. His remarks triggered a strong backlash, with opposition parties accusing him of politicising a serious security issue.

Leaders from the Congress criticised the Chief Minister’s statement, calling it inappropriate and alleging that such comments undermine the gravity of the situation. They stressed that matters related to national security should be handled with caution and responsibility.

The BJP also joined the criticism, questioning the basis of Mann’s claims and urging the state government to focus on investigation and law enforcement instead of making political allegations.

The developments have led to an unusual moment where both Congress and BJP appear aligned in their criticism of the Aam Aadmi Party-led government in the state.

Meanwhile, the blasts themselves have intensified concerns over safety in border regions, with authorities continuing their investigation into the incidents. No casualties were reported, but the proximity to defence establishments has made the issue particularly sensitive.

The episode has further escalated political tensions in the state, with security and accountability emerging as key points of debate.

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Himanta Biswa Sarma resigns as Assam chief minister, oath ceremony likely after May 11

Himanta Biswa Sarma resigns as Assam Chief Minister after BJP-led NDA’s victory. He will continue as caretaker CM until the new government is sworn in after May 11.

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Himanta sharma

Assam Chief Minister Himanta Biswa Sarma resigned from his post on Wednesday, paving the way for the formation of a new government after the BJP-led NDA secured a decisive victory in the 2026 Assembly elections.

Sarma submitted his resignation to Governor Lakshman Prasad Acharya at Lok Bhawan in Guwahati. The Governor accepted the resignation and asked him to continue as the caretaker Chief Minister until the new government takes charge.

The resignation comes after the NDA’s strong electoral performance, where the alliance won a clear majority in the 126-member Assembly, ensuring its return to power for another term.

Oath ceremony expected after May 11

Speaking to reporters after submitting his resignation, Sarma said the swearing-in ceremony for the new government is likely to be held after May 11.

He indicated that Prime Minister Narendra Modi has been invited to attend the ceremony but is unavailable until May 11, which has influenced the tentative schedule.

Decision on next chief minister soon

Sources suggest that central observers, including senior BJP leaders, are expected to arrive shortly to oversee the selection of the legislature party leader. The newly elected MLAs will then decide on the next Chief Minister.

Despite the formal resignation, party sources indicate that Sarma is likely to continue in the role for another term, given the BJP’s strong mandate in the state.

The move marks the beginning of the government formation process in Assam following the election results declared earlier this week.

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Rahul Gandhi and Vijay alliance took shape through backchannel talks, early signals from Congress leaders

Congress outreach and political calculations led to Rahul Gandhi and Vijay coming together after the Tamil Nadu 2026 election results.

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The coming together of Rahul Gandhi and actor-politician Vijay in Tamil Nadu after the 2026 Assembly elections was not sudden, but the result of behind-the-scenes political manoeuvring and early signals within the Congress.

According to media reports, some leaders in the Tamil Nadu Congress had already sensed the scale of Vijay’s surge during the campaign, anticipating what was later described as a “wave” in favour of his party.

After the results, where Vijay’s Tamilaga Vettri Kazhagam (TVK) emerged as the single largest party but fell short of a majority, communication channels between the Congress leadership and Vijay quickly became active.

A key moment in this evolving political equation was a phone call from Rahul Gandhi to Vijay, congratulating him on the party’s strong performance. The conversation was seen as more than a courtesy, signalling the possibility of cooperation at a time when government formation required additional support.

Reports indicate that discussions within Congress weighed the political benefits of supporting Vijay, especially given the shifting dynamics in the state where traditional dominance by major Dravidian parties has been challenged.

With TVK needing allies to cross the majority mark, Congress emerged as a potential partner, leading to a broader political realignment in the state. This development also triggered tensions within opposition alliances, highlighting the strategic importance of the decision.

The evolving partnership reflects a mix of electoral pragmatism and changing voter sentiment, particularly the growing influence of younger voters, which leaders acknowledged as a key factor in the election outcome.

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