In India Mayawati attacks govt over rising fuel, LPG prices

Inflation and high fossil fuel taxes are in India and just a pre-curser to what is about to hit the United States. 

BSP president Mayawati - energy news beat

Energy News Beat Publishers Note – Inflation and high fossil fuel taxes are in India and just a pre-curser to what is about to hit the United States.

Lucknow: Bahujan Samaj Party (BSP) president Mayawati on Tuesday attacked the BJP government over the rise in petrol, diesel and LPG prices, and termed the rationale of raising funds through this for public welfare “totally unfair”.

“It is totally wrong and unfair to trouble people, who are already facing problems because of the COVID-19 pandemic, unemployment and inflation, by continuously and unnecessarily increasing the prices of petrol, diesel and LPG. The rationale of the government to raise funds for public welfare through this tax increase is not fair,” she said in a tweet in Hindi.

In another tweet, the BSP chief said, “It is essential to immediately stop this burden on the public pocket by constantly and arbitrarily increasing the tax on petrol, diesel etc. In fact, that will be a huge welfare and favour by the government to the crores of poor, hardworking people and the middle classes of the country.”

Mayawati’s remarks came in the wake of the price of petrol touching an all-time high of Rs 97 per litre in Mumbai on Saturday, as the diesel rate crossed the Rs 88-mark. It was the 12th straight day of price hikes and the largest daily increase since oil companies started to revise rates on a daily basis in 2017.

The increase pushed the petrol price to Rs 90.58 a litre in Delhi.

Petrol price has already surged past the Rs 100-mark in some places in Rajasthan and Madhya Pradesh, which levy the highest VAT on the fuel.

 

About Stu Turley 3346 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.