The party has demanded that petrol and diesel should be brought under the GST, by which oil prices could drop by about Rs 15 to Rs 18. Diesel was priced at Rs 77.47 per litre in Mumbai on Tuesday.
Sporadic incidents of violence were reported on Monday during a Congress-led opposition's Bharat Bandh against spiralling fuel prices that disrupted normal life mainly in Bihar, Kerala, Karnataka, Assam and Odisha. While petrol prices have seen dramatic increase in Delhi and Mumbai, it is in the city of Parbhani that the fuel price is at the highest-level in India. Diesel, too, is not far behind.
With the title "Truth of hike in petroleum prices", the ruling party with the help of bar diagrams explained that the percentage increase in the rise of fuels in 2018 is less than the increase during the previous two terms.
Petrol and diesel prices saw a hike for the sixth straight day on Tuesday as oil marketing firms again revised fuel prices across the country. In Mumbai, petrol and diesel rates touched a new high of Rs 88.26 and Rs 77.47 per litre respectively. He added that a one Rupee per litre cut in tax would result in revenues being hit by Rs 30,000 crore on an annualised basis.
"Narendra Modi ji is silent, he has not spoken a word on rising prices of fuel, or condition of farmers, neither on atrocities against women", said Rahul Gandhi while speaking in front of a rally in Delhi.
Diesel prices also continued to rise as it was sold at Rs 72.97 per litre in the national capital.
AIMTC's Gupta adds, "If they wish they can make our lives easier, now the small farmers are failing to cope with the price revisions every day, we are heavily reliant on this fuel, the changing prices not being put under a uniform ambit are hurting us the most, there has to be a rollback urgently".
Mumbai has the highest Value-Added Tax of 39.12 per cent on petrol, while Telangana levies the highest Value-Added Tax of 26 per cent on diesel. Giving an example, the official said if petrol is at Rs 83, then Rs 20 goes to states as taxes plus Rs 10 from Centre's devolution.