Discover and read the best of Twitter Threads about #FuelPrices

@Aryan_warlord

*How #SriLanka got ruined*

Lankans voted for #Rajapakshas knowing very well what they did in the past, including corruption, selling out national assets to #China, #dynastic politics and all.

They still voted for them because Rajapakshas promised things they could not refuse.

1. Their #GST, called VAT Tax, on all products was reduced to 8%, thus making everything cheaper in one stroke. (It also killed the govt revenue). People loved things getting cheaper.

2. The minimum #incometax threshold was changed from 5 Lakhs per annum to 30 Lakhs! Very few earned more than 30L!
A very large part of the population became #tax exempt. This was very popular among the salaried class.

Read 22 tweets

scroll.in

@scroll_in

Warming up to #Russia may help as growth forecasts have been cut and #FuelPrices are rising but could sabotage the tightrope New Delhi is walking with the West. scroll.in/article/1021012

@MitaliLive writes

The expectation is that the Reserve Bank will now lower its GDP growth to 7.5% from 7.8%. If it does not, it would be both shocking and divorced from data. I do not think the central bank governor will choose to be that sanguine, @MitaliLive writes

Read: scroll.in/a/1021012

Conflicting economic, strategic interests loom over RBI’s Monetary Policy Committee meeting

Rating agency ICRA has slashed India’s GDP forecast for the 2022-’23 financial year to 7.2% from the earlier projection of 8%. By @MitaliLive ✍️

scroll.in/article/102101…

Read 4 tweets

scroll.in

@scroll_in

Ukraine, state taxes and electric vehicles: How BJP is defending sky-high fuel prices

Critics, though, point to Central taxes being the major factor behind the #FuelPriceHike
scroll.in/article/1020972

By @UmangPod

Critics often complain that the Centre only increases and never reduces domestic prices based on international prices.

For instance, while Int'l oil prices plummeted during the pandemic, oil prices in India remained the same as the govt increased excise. scroll.in/article/1020972

The BJP and its supporters have attempted to manage the political fallout of this steep rise by offering a host of excuses for why #FuelPrices are shooting up.

@UmangPod looks into some of those excuses and what experts and opposition have to say. scroll.in/article/1020972

Read 7 tweets

Turlough Downes

@TurloughDownes

Just been listening to people discussing home heating costs with the #FuelPrices . Hopefully we're heading into warmer weather for a while, but here's how your heating costs will behave. tl;dr the costs increase in proportion to the inside/outside temperature difference. /1

The rate at which your house loses heat is partly determined by the difference between the temperatures inside and outside: the higher the temperature difference the faster your house will lose heat, and so you'll use more energy to hold your house at a constant temperature. /2

So if it's 10 degrees outside and you want your house at 20 degrees, it'll cost you a certain amount. If you decide you want your house at 21 degrees you'll increase your heating costs by 10%. If you want your house at 25 degrees they'll increase by 50% compared to 20 degrees. /3

Read 7 tweets

Turlough Downes

@TurloughDownes

For those worried about #FuelPrices for cars: if you drive significant distances then you can *easily* reduce your fuel costs by around 40%. tl;dr speed kills fuel efficiency and driving slower makes a *big* difference /1

Most cars get their best fuel efficiency between 50 km/hr and 80 km/hr. Above 80 km/hr the majority of your fuel is being used to push the air in front of your car out of the way. /2

If you drive at 100 km/hr along a particular stretch of road then you will use about 50% more fuel than if you drive at 80 km/hr to cover that *same stretch of road*. /3

Read 6 tweets

NDTV

@ndtv

"UPA government had reduced #FuelPrices by issuing Oil Bonds of Rs 1.44 lakh crores. I can't go by the trickery played by them. Due to Oil Bonds, the burden has come to our government, that's why we are unable to reduce prices of petrol and diesel": FM Nirmala Sitharaman

(ANI)

"People are right to be concerned. Unless the Centre and states discuss a way out, there is no solution possible to this": Finance Minister Nirmala Sitharaman on #FuelPriceHike

(ANI)

"There will be no cut in excise duty on fuel as of now. Exchequer is burdened by interest payments being made for oil bonds floated by UPA Govt. Government has paid over 70,195.72 crores interest in the last 5 years on oil bonds itself": Finance Minister Nirmala Sitharaman

(ANI)

Read 4 tweets

Avinash Srivastava 🇮🇳

@go4avinash

#FactCheck of various "Propaganda Cartoons".

Inflation - Average 4.74% from 2014-2020, lowest in last 6 decades.

Unemployment - Yes, it increased because of Delhi - 45.6%, TN - 28%, Rajasthan - 27.6%.

GDP - India's GDP is low but performance under NDA is still better than UPA.

Supreme Court questioned Modi govt on Vaccine supply & differential pricing and its Ok. Point to be noted that it was States who asked for Decentralization of Vaccines. Supreme Court didn't ordered to Modi government to provide FREE Vaccines to States, but Modi did.

Several propaganda cartoons blaming Modi for Covid-19 situation floating around. 'Health' is States subject in India. fact remains, India has registered lowest Covid-19 De∆ths amongst major countries. De∆th rate in non-BJP States are highest, but entire blame is on Modi.

Read 18 tweets

Business Insider India🇮🇳

@BiIndia

#BharatBandh – over eight crore traders across India shut shop in protest against rising #FuelPrices and changes in #GST rules

businessinsider.in/india/news/bha…

By @SanchDash

@SanchDash Industry body, The Confederation of All India Traders (@CAITIndia) has called for the #BharatBandh.

@SanchDash @CAITIndia Streets across India bore a barren look as traders across the country shut shop on Friday. The traders are protesting against the rising fuel prices, ‘draconian’ rules in Goods and Services Tax, as well as the rising power of foreign e-commerce companies in India.

#BharatBandh

Read 6 tweets

James Wilson

@jamewils

Here is my article on the great fuel loot!

When #BJP leaders claim that revenue from #fuelprices is used for welfare schemes, they are being economical with the truth.

What is more, the share of states from tax on fuel has steadily gone down

nationalheraldindia.com/india/high-fue…

Present excise duty on petrol is Rs.32.98, which, when UPA-2 left office was just Rs.9.48 per litre. In other words, excise duty on petrol is 348% higher now than in 2014.

Also, the present excise duty on diesel is Rs. 31.83 which has increased by 894% more than Rs.3.56 in 2014

Read 14 tweets

Sukhbir Singh Badal

@officeofssbadal

Have appealed to PM @narendramodi ji to direct @PetroleumMin to reduce central excise on #Petrol & #Diesel. Also written to Punjab CM @capt_amarinder to reduce state taxes on fuel. Farmers, transporters and the common man all are groaning under the weight of hefty taxes on fuel.

SAD has received representatives in this regard and there is a feeling that fuel prices should be brought down to save the common man from the cascading inflationary effect. Reduction in #fuelprices would also help the industry to get up on its feet by reducing input costs.

In #Punjab, state tax on petrol has gone up as much as 27.27% even as total state taxes on diesel constitutes 17.53% of its price. Reminded the CM of his 2017 poll promise that he would reduce fuel prices if #Congress came to power, but prices have increased manifold since then.

Read 3 tweets

Prof Jonathan Moyo

@ProfJNMoyo

#ZimSoS
1/11 Perhaps by some divine coincidence I need not explain, earlier I had a deeply worrying chat with @MDCAllianceZW Vice President #SenatorMorganKomichi who's in Harare over a cell phone line. I cannot live with my conscience without sharing what #SenatorKomichi told me!

#ZimSoS
2/11 #SenatorKomichi said the second total Internet shutdown was effected around 10pm yesterday. The military & #ZanuPF militia used that Internet shutdown along with nightfall to unleash untold horror upon residents of high density suburbs in all cities across #Zimbabwe!

#ZimSoS
3/11 #SenatorKomichi said while #Bulawayo & #Harare are the most affected, all cities & towns in the country are suffering the same assaults. He said he & his colleagues have been overwhelmed by desperate #SoS messages of killings, torture, rape, injuries & abductions!

Read 11 tweets

Discover and read the best of Twitter Threads about #FuelPrices

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Discover and read the best of Twitter Threads about #FuelPrices

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