The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Jammu

Govt Reduces Petrol Price By Rs 12 Per Litre, Diesel Rs 17 A Litre

INS Desk by INS Desk
November 4, 2021
A A
JK slashes tax on Petrol, Diesel by Rs 2.5, to be cheaper by Rs 5 from midnight
Share on FacebookShare on TwitterWhatsappTelegramEmail

Srinagar Nov 4: The J&K government reduced petrol price by Rs 12 a litre and diesel by Rs 17 per litre following reduction of excise duty on the fuels by the Centre.
“PM @narendramodi Ji has given a great Deepawali gift by announcing reduction in excise duty on Petrol&Diesel. In addition,J&K admin has decided to reduce additional Rs.7 on Petrol&Diesel,thereby reducing Petrol price by Rs.12/litre &Diesel by Rs.17/litre in UT from today,” Lieutenant Governor manoj Sinha said in a tweet.
Meanwhile, National Conference called the reduction in petrol and diesel prices mere eyewash and below par as compared to the exorbitant cumulative increase in the previous months.
Echoing the public sentiment on the meager decrease in the petrol and diesel rates, Party Spokesperson Imran Nabi Dar said that when petroleum prices were deregulated, the assurance was zero excise duties but the government has just come up with cosmetic measures, which are below par as compared to the cumulative hike in the price of fossil fuels since 2018.
Calling the reduction a knee jerk reaction to the losses in by-poll elections, Imran said the measures won’t provide much relief to consumers, who have been at receiving end due to the incessant tax imposition. “The measures are not enough and just meant to save the situation arising in wake of the poll debacle it has faced in the by polls on various Lok Sabha and Assembly seats across the country. It is the electoral setback which has prompted the BJP government to slash rates on Petrol and Diesel. If the government was really concerned about people then it should have refrained from increasing petrol and Diesel rates or at least modulated the rates by decreasing the excise duty to ensure that the rates are affordable for consumers. The Central Excise Duty on Petrol was ₹19.48 and Diesel ₹15.33 in 2017 and with the reduction announced today, it’s still ₹27.90 for Petrol and ₹21.80 for Diesel,” he said.
Unimaginable misery brought by hike in the petrol and Diesel prices is having a crippling impact on the savings of middle and lower middle class families across the country and J&K is no exception to it,” he said.
Now that the states have been asked to reduce VAT (Value Added Tax) on petrol and diesel to give relief to consumers, it is expected that the J & K administration will also take immediate and concrete steps to comply. “Additional VAT reduction on petrol and Diesel will directly benefit the people in J&K and save them out of pocket expenditures on their daily commute. Such a reduction will also decrease the freight charges and result in decrease in inflation to a greater extent. I hope that the incumbent administration will take steps in this direction at an earliest,” he added.

RELATED POSTS

Dr Darakhshan chairs meet to review Eid preparedness in Jammu

AEJAK, ASMEA present memorandum of demands to LG Sinha

‘Operation Sindoor’ India’s biggest anti-terror success: PM Modi in Bhopal

Buy JNews
ADVERTISEMENT
Previous Post

J&K Reports 95 Fresh Covid-19 Cases, No Death

Next Post

Night Temp Rises Amid Fresh Snowfall In Upper Reaches In Kashmir

INS Desk

INS Desk

Related Posts

Dr Darakhshan chairs meet to review Eid preparedness in Jammu
Jammu

Dr Darakhshan chairs meet to review Eid preparedness in Jammu

May 31, 2025
AEJAK, ASMEA present memorandum of demands to LG Sinha
Regional

AEJAK, ASMEA present memorandum of demands to LG Sinha

May 31, 2025
J&K has immense opportunity in tourism sector: PM Modi
Regional

‘Operation Sindoor’ India’s biggest anti-terror success: PM Modi in Bhopal

May 31, 2025
Take stern action against those violating law: IGP
Regional

Proper security in place for Kheer Bhawani mela: IGP Kashmir

May 31, 2025
Weather to remain cloudy till Oct 28
Regional

MeT predicts rains, gusty winds today

May 31, 2025
Sonamarg—Zojila road closed for traffic after fresh snowfall
Regional

After fresh snowfall, Mughal Road closed for traffic

May 31, 2025
Next Post
Jammu & Kashmir to get light rain, snow

Night Temp Rises Amid Fresh Snowfall In Upper Reaches In Kashmir

Mughal road case: Govt orders inquiry into delay in appointing arbitrators 

Mughal Road Closed, Traffic Suspended To Far-Flung Kupwara area also

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




Transporter associations divided over strike call in J&K

Power Outages in Multiple Areas of Kashmir as PDD Workers Go on Strike

January 29, 2025
We resisted son’s arrest, Police drove over my husband: claim killed man’s family

Youth killed in Pulwama

June 29, 2018
Building Strong Public Health Care System: LG

Building Strong Public Health Care System: LG

December 26, 2021

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.