A middle class hooked to subsidies has perpetuated the system of handouts and scuttled reform

The ministry of urban development (MoUD) has sought an increase in, and rationalisation of, excise duty levied on petrol and diesel vehicles at the national level.

IN DELHI REGION, AROUND 5,000 VEHICLES SWITCHING TO CNG EVERY MONTH

UPA allies join hands with Opposition to slam petrol price hike
Oil protests force govt to put off meet on LPG: UPA allies join hands with Opposition to slam petrol price hike

The government on Thursday allowed public sector oil companies to hike the price of petrol by Rs 3.14 per litre, further burdening the middle- class.

Even as the common man feels the heat of the petrol price hike, the state finance department has a reason to smile.

With today’s price hike of Rs 3.14 per litre and Punjab’s unwillingness to reduce state taxes, petrol prices in the state are amongst the highest in the country at Rs 74.5 per litre.

Oil companies blame it on rising under-recoveries and increase in international crude oil prices

Whatever the official justification for yet another increase in petrol price by Rs.3.14 per litre, the end users of the fuel in the Capital are seething with anger and anguish.

Before the price hike, petrol was being sold for around Rs.64 per litre in the Capital and when news of the price increase reached the people, strong reactions came in from every quarter.

Further enhancing the portfolio of its luxury cars in India, Mercedes-Benz has introduced the advanced version of its flagship C-Class sedan even as the German auto major plans to launch new products in the next two months.