Operating Costs Of Buses To Also Go Up, DTC

Finance minister Pranab Mukherjee had his way on Wednesday with the Cabinet approving a bold move to align administered price of natural gas charged from power and fertiliser producers which was opposed by their ministries

Move to help ONGC, OIL offset huge losses

In a the government on Wednesday raised natural gas prices by more than double to $4.20 per mmBtu, a move that will result in a rise in power and fertiliser production cost and rise in CNG rates.

New Delhi: Cooking gas prices will go up by Rs 27.50 per cylinder, instead of the Rs 40 hike proposed in the Delhi budget. Bowing to popular sentiment, the city government went into rollback mode on Monday, waiving the 5% value added tax on LPG. Also exempted from VAT were CNG, tea, coffee and some other items, whose prices will now remain unchanged.

NEW DELHI: Initiating the discussion on the Delhi Budget 2010-11, former Delhi Finance Minister and senior BJP leader Jagdish Mukhi on Tuesday charged that Delhiites have been unnecessarily burdened with taxes because of the Delhi Government's wasteful expenditure and poor financial management and demanded a rollback of the hike in VAT on CNG and diesel.

VAT Raised By 5-12.5 Percentage Points On Several Items; Highest Allocation To Transport Sector

THE Delhi government on Monday raised tax rates on a number of items to generate additional revenues to meet the expenditure on the Commonwealth Games, a move that could upset many a household budget in the national capital.

Delhiites will have to shell out more money for virtually everything from cooking gas to diesel with the Delhi government withdrawing a Rs-40 subsidy on liquefied petroleum gas (LPG) cylinder and increasing value added tax (VAT) on diesel in its Budget for 2010-11 announced today.

New Delhi: After dal-chawal, petrol, diesel and CNG may burn a bigger hole in your pocket as the government tries to strike a balance between keeping transport fuel prices in check without letting staterun oilmarketing companies slip into the red.