Center can cut Petrol price at Rs 25 per liter but won't, Know why ?
Center can cut Petrol price at Rs 25 per liter but won't, Know why ?
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New Delhi: Former Finance Minister and senior Congress leader P Chidambaram on Wednesday made allegations on the Centre for chastising the common people with high fuel prices and asserted that the government in its ongoing attempt is filling its treasury at their order.

On a day when petrol price in Delhi raised by 30 paise and violated the Rs 77 per litre mark, taking to Twitter Chidamabaram outlined how the central government is walking away with Rs 25 from every litre of fuel sold in the nation.

"Central government saves Rs 15 on every litre of petrol due to fall in crude oil prices. Central government puts an additional tax of Rs 10 on every litre of petrol. Bonanza to central government is Rs 25 on every litre of petrol. This money rightfully belongs to the average consumer," former Finance Minister wrote in a series of tweets.

"It is possible to cut upto Rs 25 per litre, but the government will not. They will cheat the people by cutting price by Rs 1 or 2 per litre of petrol, ‘” he said in his another tweet.

 Worth mentioning here Chidambaram was the Finance Minister of the country in Congress regime and also at a time when international crude prices worn out at $147.3 per barrel - in 2008. Even then, fuel prices in India were hazily less than what they are now when international crude price is approximately $80 to every barrel.

 

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