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Petrol Price hikes in Tripura again on Wednesday at Rs. 75.35 ! Rupees at Record-Low reason behind increasing Fuel Price
TIWN Aug 29, 2018
Petrol Price hikes in Tripura again on Wednesday at Rs. 75.35  ! Rupees at Record-Low reason behind increasing Fuel Price
PHOTO : People standing in rows for fuel. TIWN Pic Aug 29

AGARTALA, Aug 29 (TIWN): Petrol prices in Agartala have been turning more volatile, as prices of crude oil have been showing a firm trend. It is important to check todays petrol price in Agartala (Rs.75.35). The rupee has also moved lower against the dollar, which has made petrol prices in Agartala more expensive than before. It is hoped that the government can reduce excise duties, so as to enable rates to become more cheaper in the coming days.In the last 5 months, but not a single paisa was hiked for employees or for allowances as promised by BJP before the Election but commodity prices are heavily increasing. With the price hike oppositions are mocking at "Achhee Din" and "Hira" promise of Prime Minister Modi to the Nation and to the state Tripura. It was on July 26 that Tripura cabinet had decided to bring ordinance to hike 2 % cess on Petrol, Diesel, Natural Gas. However, the collected whole revenues will be used in road repairing. Now it's to be seen how far transformation in road repairing comes out with the taxes to be collected from masses.

BJP before coming in power promised that once it makes a Govt here, wages, allowances will be massively hiked. Social pension will be at least Rs.2000, Wage : Rs. 340 along 7th Pay Commission for Govt employees, but all those promises are still pending whereas commodity prices are skyrocketing due to a constant fuel price hike. 

On the background of fuel price hike, Law Minister Ratan Lal Nath said, “There are 3000 buses in Tripura, autos 34,000, E-Rickshaws' number is 8,300. Trucks including small and big are 28,000, cars 10,000, two wheelers above 3 lakhs. Around 4 lakhs of vehicles are running over state's pathetic roads. The roadway's condition is bad leading massive damages to the vehicles. People are suffering. The vehicles are losing their lasting quality. Transport movement is becoming tough. Delivery is getting delayed”, Ratan Lal Nath said.

“Aiming to develop the economy and betterment of every citizens of the state, which will reduce the transport cost and also save time Govt has decided to lavy 2 % cess on fuel. That revenue will develop roadmaps. Once the transport become faster and can save time in delivery automatically it will reduce the transport cost and save the vehicles from damages. That’s why the Govt has decided to bring an ordinance under ‘Tripura Road Development Cess Ordinance 2018’ to impose the 2 % cess on petrol, diesel, natural gas”, said Ratan Lal Nath adding that the whole revenue will be used in road renovation.  

Both CPI-M and Congress have slammed the BJP Govt for hiking taxes on fuel, cooking gas.

However, reason behind more fuel price than yesterday has been said due to the the downing value of rupees day by day. The Indian rupee plunged to a fresh record low of 70.55 to a US dollar during the noon-trade session on Wednesday. Around 12.30 p.m. the Indian rupee plunged to a fresh record low of 70.55 to a US dollar.It opened the day's trade at the Interbank foreign exchange market at 70.31-32 to a USD and soon surpassed its record low of 70.40 to a greenback.

 

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