‘Rubbing salt on wound’: Cong assaults Centre over LPG, gasoline excise responsibility hike

Kharge additionally attacked the federal government over the hike in LPG cylinder costs.

“LPG fuel cylinders have additionally not been spared from value hike, Modi ji… This time the whip of inflation has additionally fallen on the financial savings of poor ladies of ‘Ujjwala’. Loot, extortion, fraud… All have grow to be synonymous with the Modi authorities,” he mentioned in one other submit in Hindi on X.

Former Congress chief Rahul Gandhi additionally hit out on the authorities over the excise responsibility hike.

He mentioned in a submit in Hindi on X, “Lastly, Modi ji gave a befitting reply to ‘tariffs’! Tax on petrol-diesel and fuel cylinder costs have been elevated additional.”

“Individuals affected by inflation got one other reward of presidency loot!” the opposition chief within the Lok Sabha added.

Whereas any change in taxes is generally handed on to shoppers, there will probably be no change within the retail promoting costs of petrol and diesel because the excise hike will probably be set off in opposition to the discount in retail costs warranted from the autumn in worldwide oil costs.

“PSU oil advertising corporations have knowledgeable that there will probably be no enhance in retail costs of petrol and diesel, subsequent to the rise effected in excise responsibility charges at the moment,” the oil ministry mentioned in a submit on X.

Worldwide oil costs have slumped to their lowest since April 2021 as escalating commerce tensions between the US and China stoked fears of a recession that would minimize oil demand.