The Central government on Friday decided to raise the price of diesel by Rs 3 a litre, kerosene by Rs 2 a litre while cooking gas will cost Rs 50 more per cylinder.
Since the revision excludes local levies, the actual increase would be 50 paisa or so more in Delhi where diesel attracts 13.36% VAT. In states that have higher local taxes, the incremental increase could be Re 1 or even more.
The revision in the price of diesel, the main transportation fuel, would immediately push up cost of food items, bus and taxi fares, freight as well as any consumer good that is moved by road.
The revision comes about a month after state-run oil marketing companies jacked up petrol prices by Rs 5 a litre. It immediately drew a howl of protest from across the Opposition spectrum, including BJP, Left, JD(U) and AIADMK, who promised to take to the streets against the government's move, demanding a rollback. Even UPA ally Trinamool Congress joined in.
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