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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]

India News

Amit Shah praises Dharmendra Pradhan’s resignation, says Nation above post

Amit Shah hailed Dharmendra Pradhan’s resignation as Union Education Minister, saying BJP places the nation and students above any position while highlighting the government’s commitment to examination reforms.

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Amit Shah

Union Home Minister Amit Shah on Saturday praised Dharmendra Pradhan’s decision to step down as Union Education Minister, saying the move reflected the Bharatiya Janata Party’s commitment to placing the nation and students above any political position.

In a post on X, Shah said that for BJP workers, the country, its youth and students are more important than any office. He described Pradhan’s resignation as an example of the party’s guiding principle of prioritising national interest over personal ambition.

Shah highlights government’s focus on exam reforms

Amit Shah said the Narendra Modi-led government respects the sentiments of students and remains committed to strengthening the examination system following concerns over alleged paper leaks.

He said the Centre has introduced strict measures to ensure severe punishment for those involved in examination paper leaks and expressed confidence that these steps would deliver justice to students who cleared the National Eligibility-cum-Entrance Test (NEET).

Praises Pradhan’s work as Education Minister

Recalling Dharmendra Pradhan’s tenure, Shah highlighted several initiatives undertaken during his time in the Education Ministry. He credited Pradhan with helping implement the National Education Policy (NEP), expanding PM SHRI schools, promoting digital education, strengthening skill development and improving coordination between industry and academic institutions.

Shah also said Pradhan worked towards making examinations more inclusive and student-centric, adding that his tenure reflected his commitment to the vision of a developed India.

Resignation follows NEET controversy

Dharmendra Pradhan’s resignation comes amid nationwide protests over alleged irregularities in the NEET examination and growing demands for accountability.

The resignation has triggered political reactions across party lines. While opposition parties have described the development as a result of sustained student protests, BJP leaders have projected it as an example of accountability and commitment to national interest.

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Assam flood death toll rises to 66, over 6.5 lakh people still affected

Assam’s flood situation improved slightly on Saturday, but more than 6.54 lakh people remain affected in six districts. Four fresh deaths have pushed the state’s flood toll to 66.

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Assam floods

The flood situation in Assam showed marginal improvement on Saturday, though the disaster continued to impact more than 6.54 lakh people across six districts. Four more deaths were reported during the day, taking the total number of fatalities in this year’s floods to 66.

According to the Assam State Disaster Management Authority (ASDMA), three of the latest deaths were reported from Sivasagar district, while one person lost their life in Charaideo.

The number of affected people declined from over 7.05 lakh across nine districts on Friday to 6,54,800 across six districts on Saturday, indicating a gradual improvement in the overall situation.

Sivasagar remains the worst-hit district

Among the affected districts, Sivasagar continues to be the worst hit, with nearly 2.9 lakh people impacted by the floods. Charaideo follows with around 1.9 lakh affected residents, while more than 1.3 lakh people remain affected in Jorhat.

The other districts still facing flood-related challenges are Dibrugarh, Golaghat and Nagaon.

Relief operations continue across affected areas

The ASDMA said the state administration is operating 274 relief camps and aid distribution centres across the affected districts. Around 18,902 displaced people are currently taking shelter at these facilities.

The latest daily bulletin also stated that floodwaters have inundated 810 villages across the state, while 34,970.8 hectares of agricultural land have suffered damage.

Rivers flowing above danger level

The floods have also damaged embankments, roads, bridges and other public infrastructure in several areas.

Authorities said the Dikhou River in Sivasagar and the Dhansiri River at Numaligarh are flowing above the danger level, and officials continue to closely monitor the situation.

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UP Government forms new SIT led by 3 IPS officers to probe Ayodhya Ram Temple donation theft

The Uttar Pradesh government has formed a new SIT led by three IPS officers to investigate the alleged Ram Temple donation theft case in Ayodhya following Supreme Court directions.

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Ram Mandir

The Uttar Pradesh government has reconstituted a Special Investigation Team (SIT) headed by IG Kiran S, with DIG Somen Verma and SSP Dr Gaurav Grover as members, to investigate the alleged theft of donations meant for the Ram Temple in Ayodhya. 

The move comes after directions from the Supreme Court, which sought a reconstituted investigation team to ensure an independent and comprehensive probe into the allegations.

The newly formed SIT is expected to continue the investigation and submit a status report before the Supreme Court on July 27.

Senior IPS officers to lead the probe

According to the state government, the investigation will now be supervised by senior IPS officers.  The revamped SIT has been tasked with examining all aspects of the alleged embezzlement of temple donations and carrying the investigation forward.

The Supreme Court had observed that criminal investigations and technical examination of theft-related cases are more effectively handled by experienced police officers, leading to the reconstitution of the SIT under senior IPS leadership.

Probe to continue under court supervision

The case relates to the alleged embezzlement of offerings (chadhava) donated by devotees at the Shri Ram Janmabhoomi Temple in Ayodhya.

The Supreme Court is monitoring the investigation and will review the SIT’s status report at the next hearing.

Authorities are expected to continue examining evidence collected during the earlier stages of the investigation as the newly constituted SIT proceeds with the case.

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