States to get Rs 22,700 crore windfall from rupee plunge, crude spike

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State oil companies publish local rates of petrol and diesel daily, based on the average price of these fuels in the global market for the trailing fortnight.

Despite his criticism against the NDA, he didn't support the bandh and neither did the major Opposition party, YSR Congress party, in the state.

The Court, nonetheless, asked the Centre to consider an earlier representation pending before it on price rise of petrol and diesel within four weeks.

The Delhi High Court on Wednesday refused to interfere in a public interest litigation (PIL) seeking the sale of petrol and diesel at reasonable prices instead of letting oil companies increase the rates exorbitantly.

The Delhi High Court today refused to issue a direction to the Central government to fix a "fair price" for petrol and diesel as per Section 3 (1) the Essential Commodities Act, 1955. Petrol and diesel prices are going up, the state government will certainly come up with some measures like last time, Kesarkar said. Diesel is at Rs 78.14.

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However, Maharashtra Chief Minister Devendra Fadnavis on Sunday said that the state government was working on various proposals to give relief to the people from rising fuel prices.

Opposition parties have called for a nation-wide "Bharat Bandh" on Monday (September 10) to protest against the spiralling fuel prices. In Parbhani in the region, today's retails price is Rs 90.12.

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.

Telangana charges the second highest sales tax/VAT on diesel: 26.01 per cent. Naidu has announced that AP state is cutting down 2 percent on its excise duty on petrol and diesel. Maintaining its rise with a 14 paisa hike on Tuesday, petrol and diesel were sold at Rs 80.87 and Rs 72.97/litre, respectively.

The prices of petrol and diesel are under Rs 70 per litre in Port Blair, the capital of the Andaman and Nicobar Islands.

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