TAMING SPIRALLING PRICES

The states’ revenue increases because of increased crude oil prices and hence it is easier for the states to absorb ~2.50 (cut). ARUN JAITLEY, Finance minister

~19.48/litre

Excise duty on petrol

~15.33/litre

Excise duty on diesel

■ Almost half of the fuel prices is made up of taxes. Apart from excise duty, states levy value added tax

■ Petrol price in Delhi was ~84/litre and diesel price ~75.45/litre on Thursday

~1.50/litre

Cut in excise duty announced

~10,500 cr

Hit to central govt revenues in current fiscal

~1/litre

Oil firms will have to absorb

13

States matched the move.

BJP-ruled Gujarat, Maharashtra (only on petrol), UP, MP, Chhattisgarh, Jharkhand, Assam, Uttarakhand, Haryana, Himachal Pradesh, Goa and Tripura followed suit. So did J&K, which is under governor’s rule. Congress-ruled Punjab is likely to take a call on Friday

Number of states that have cut fuel prices in the recent past.

They are Kerala (on June 1), and Rajasthan, Karnataka, West Bengal and Andhra Pradesh (all in September)