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Traders oppose fuel price hike in Jharkhand

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photo credits:topnews.in

By NewsGram Staff Writer

Ranchi: Traders, truck drivers’ association and political parties in Jharkhand on Thursday opposed the hike in petrol and diesel prices, which was approved two days ago by the state cabinet, threatning to stop truck services.

photo credits:royalsundaram.in
photo credits:royalsundaram.in

The state government’s decision on Tuesday to increase petrol and diesel prices by 11 percent invited a sharp reaction from the Jharkhand Petroleum Dealers Association, Jharkhand Truck Association and political parties.

After the application of new taxes, petrol will get costlier by Rs.4.54 per litre and diesel will get costlier by Rs.4.21 per litre. At present the price of petrol is Rs.60.26 per litre and that of diesel is Rs.47.41 per litre respectively.

“We will go to New Delhi to meet the PM to take up the issue. We will meet ministers in New Delhi, and if the issue would not resolve, we will hand over the keys of petrol pumps resulting in all 1,000 petrol pumps in the state automatically shutting down,” Ashok Singh, president of Jharkhand Petroleum Dealers Association, told reporters here on Thursday.

Echoing the sentiment, Uday Shankar Ojha, president of the Jharkhand Truck Association, said: “First we will present our demands to CM and if the issue is not resolved, we will not allow trucks to ply.”

Petroleum dealers said they feared that trucks would get their fill from neighbouring states such as Bihar, Chhattisgarh and Odisha.

The Federation of Jharkhand Chamber of Commerce and political parties have also opposed the state government’s move.

The Congress and Jharkhand Mukti Morcha on Wednesday burnt effigies of the chief minister, demanding a rollback of the new rates.

(With the inputs IANS)

Next Story

Realme increases Smartphone Prices in India Post GST Hike

"We sincerely hope you will continue to support not only us but also the whole smartphone industry, for more amazing technologies and surprises in the future," the company said in a statement

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Realme
According to the company, the COVID-19 pandemic has highly impacted the smartphone industry, leading to a price hike of components and supply shortage. Pixabay

Chinese smartphone maker Realme on Wednesday announced that it has increased its smartphone prices following the Indian government’s move to increase GST rate from 12 per cent to 18 per cent, which came into effect from April 1.

Realme 6 (4GB+64GB) model which was earlier priced at Rs 12,999 will now cost Rs 13,999 — up by Rs 1,000. Realme X2 (4GB+64GB) which was priced at Rs 16,999 will now cost Rs 17,999 — a price hike of Rs 1,000.

Meanwhile, Realme XT (4GB+64GB) which costs Rs 15,999 will now be available for Rs 16,999.

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Realme
Chinese smartphone maker Realme on Wednesday announced that it has increased its smartphone prices following the Indian government’s move to increase GST rate from 12 per cent to 18 per cent, which came into effect from April 1. IANS

“We sincerely hope you will continue to support not only us but also the whole smartphone industry, for more amazing technologies and surprises in the future,” the company said in a statement.

According to the company, the COVID-19 pandemic has highly impacted the smartphone industry, leading to a price hike of components and supply shortage.
Additionally, the Indian rupee rate has been continuously fluctuating and facing depreciation currently.

ALSO READ: Sufferings of The Migrant Workers Amid Coronavirus Lockdown

“The value of money smartphone players like realme which have been very price competitive and refrained from increasing any prices thus far, will have no choice but to increase the prices to match the GST hike,” said Neil Shah, Vice President, Research at Counterpoint. (IANS)