Kerala to cut taxes on petrol, diesel to reduce retail prices

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The state-owned firm later clarified that they had published the wrong price data on Wednesday morning.

A "technical glitch" on the website of Indian Oil Corporation (IOC) led to a huge criticism of the government on Wednesday.

This is the first time in 16 days that the OMCs have reduced petrol and diesel prices.

Slamming reduction of 1 paise on fuel, Ruchita Maheshwari has shared a picture of Amitabh Bachchan as KBC anchor and him questioning us, "Kya Karenge aap is Dhan Rashi Ka?" Petrol is up Rs 3.79 and diesel Rs 3.37 per litre since May 13. That reduction followed rates touching an all-time high of ₹78.43 per litre for petrol and ₹69.31 for diesel in Delhi on May 29. Thus, at 1 paisa a litre, India saves Rs 7.6 lakh a day on petrol. ONE paisa!?? If this is your idea of a prank, it's childish and in poor taste. P.S.

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Seaman was struck three times, once through the stomach, once in the hip and once in the forearm, and underwent surgery. If not for his Seaman's heroics, one student told reporters, "more of us could have been injured, for sure".

The government is, however, unlikely to pass on the full impact worked out by the regulator in view of this being the last price adjustment of its tenure.

Prices vary from state to state depending on local sales tax or VAT. A ONE paisa cut is not a suitable response to the #FuelChallenge I threw you last week, he tweeted. Local fuel rates reflect global prices with a lag of about two weeks.

Suhail Mukadam: What a big relief of 1 paisa after 16 days of upward rally on fuel prices, I am feeling so rich today. In Kolkata, the fuel sold at near four-year high levels. The Kerala government drove home the point that it would be sacrificing revenue. The government also received Rs20 tax on petrol while Rs30 on diesel. A one rupee cut in central excise duty on fuel could reduce central revenues by Rs 13,000 crore. State finance minister Thomas Isaac announced the decision during a TV interview.