Andhra CM announces Rs 2 cut in petrol, diesel price from Tuesday

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"We stand with the people on this issue but the solution to the increase in petrol and diesel prices is not in our hands", Prasad said. Petrol prices on Tuesday touched a scorching Rs 90.11 in Maharashtra's Parbhani while diesel prices also increased from Rs 77.92 to Rs 78.06, Parbhani District Petrol Dealers Association (PDPDA) President Sanjay Deshmukh said.

Naidu, who has been mounting pressure on the centre to reduce the fuel prices for a while, said going by the indicators the petrol and diesel prices may soon hit Rs 100 a litre and the Rupee value may fall to Rs 100 against the United States dollar. Train services were hit in Odisha during the "Bharat bandh" call.

Meanwhile, transporters are gearing up to put pressure on the government to reverse its fuel tax policy.

MNS chief Raj Thackeray, said the current BJP dispensation at the Centre is "worse" than the erstwhile UPA government.

The transporters' body said its units had made a decision to stage protests across districts.

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The current price hike across the country, is a result of multiple factors including the worldwide geopolitical situation, a diving rupee, but most importantly, the government's unrelenting tax regime and the silence of its ministers over the issue. On May 16, 2014, the petrol price was Rs 71.41 which took the percentage increase to 75.8.

Here is one aspect that Left parties who are in the forefront of the nationwide hartal against the galloping fuel prices on Monday should ponder. Fuel prices in Delhi are the cheapest among all metros and most State capitals due to lower taxes. The parties claim that the government is stubbornly refusing to cut the high excise duty, which is adding to the crushing burden on consumers.

Nearly half of the retail selling price of the two fuels is made up of central and state taxes.

Elsewhere in Maharashtra, in Thane petrol retailed at Rs 88.43 and diesel Rs 77.64, Mumbai was Rs 88.35 and diesel at Rs 77.56. On this price, the state had imposed a total of Rs 21.84 as sales tax and dealer's commission. This is a huge jump from the gross revenue collection of ~Rs88,600 crore in 2013-14 when the BJP took office. The Centre now levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel.

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