The Indian middle-class is up in arms, on Twitter that is, to protest against the slew of price hikes that have come into effect from June 1, including the cost of fuel and service tax
The Indian middle-class is feeling extremely stressed. After all, the last 24 hours have seen their daily expenses shoot up phenomenally thanks to a slew of price hikes that have come into effect from June 1.
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While some of the cost burden is due to indirect taxes, others like the rise of petrol price and that of non-subsidised gas has a direct effect on the lives of middle-class Indians.
If previously eating out was getting expensive, now even eating in is becoming more and more expensive what with LPG cylinders costing more and more. Even travelling to your regular health check-up will cost more with fuel prices going north. And what about train fares? Well, pay more for the comfort of AC while travelling.
Non-subsidised LPG price hiked by Rs 21 per cylinder, Aviation turbine fuel by 9.2%
— Doordarshan News (@DDNewsLive) June 1, 2016
ATF price hiked by a steep 9.2 pc; non-subsidised LPG rate increased by Rs 21 a cylinder.
— Press Trust of India (@PTI_News) June 1, 2016
Here's a look at all the prices that have gone north in the last 24 hours
Fuel prices have gone up once again:
The price of petrol has shot up Rs 4.47 per litre, and that of diesel Rs 6.46 in the last 5 weeks, taking retail rates to their highest level in one year.
Oil companies late on Tuesday night hiked petrol price by Rs 2.58 per litre and diesel by Rs 2.26 a litre.
This was the third increase in auto fuel prices since May 1.
A litre of petrol in Delhi now costs Rs 65.60 while diesel is priced at Rs 53.93 a litre.
Prior to last nights increase, rates of petrol were hiked by Rs 1.06 a litre on May 1 and by Rs 0.83 on May 17.
Similarly on diesel, price was increased by Rs 2.94 on May 1 and by Rs 1.26 a per litre on May 17.
Barring an exemption on April 16, when price of petrol was cut by Rs 0.74 a litre and diesel by Rs 1.30, the upward trend in rates has been a phenomenon since March 17.
Petrol was increased by Rs 3.07 a litre on March 17 and Rs 2.19 per litre on April 4. In case of diesel, there were four straight hikes prior to that cut. The hikes totaled Rs 4.63 per litre.
After discounting the April 16 reduction, petrol prices have jumped by Rs 8.99 per litre since mid-March and diesel by Rs 9.79 per litre.
Non-subsidised LPG price hiked by Rs. 21 per cylinder
With LPG cylinders
The Union government on Wednesday hiked the price of non-subsidized cooking gas by Rs. 21 per cylinder.
The fresh rates came into effect from Tuesday mid night.
Earlier, the government had hiked the price of non-subsidized cooking gas or LPG by Rs. 14.2 a cylinder in November last year.
Non-subsidised cooking gas (LPG) now costs Rs 548.50 in Delhi as against Rs 527.50 previously.
Service tax goes up
ATM charges will also go up
With the Union government imposing 'Krishi Kalyan' cess of 0.5 per cent on service tax, the tax which was 14% will now be 15%. Swacch Bharat Cess is the other 0.5% on the service tax.
The Krishi Kalyan cess of 0.5 per cent on service tax will be imposed on all AC class rail tickets, freight and parcel.
The increase in service tax will be applicable on tickets issued on or after June 1 and not on tickets issued prior to 1st of June. The service tax hike will also make mobile bills, eating out, hotel bills, watching movie in theatres, insurance policies, health check-ups, coaching classes and banking services like demand drafts, lockers, issuance of new cheque books, ATM charges more expensive.
Aviation turbine fuel or jet fuel price shoots up
Jet fuel, which constitutes over 40 per cent of an airline's operating cost, saw a steep hike by 9.2 percent. The cash-strapped carriers are sure to pass on that burden onto the passengers.
HERE'S WHAT THE INDIAN MIDDLE CLASS ON TWITTER HAD TO SAY ABOUT THE MATTER:
Applicable Service Tax rate now stands revised at 15.0% (Service Tax of 14% + 0.5% Swachh Bharat Cess + 0.5% Krishi Kalyan Cess) #AcheDin
— banta (@bantasavrait) June 1, 2016
#AuntyNational protesting against #LPG #PriceHike by Rs 21 by the crooked Central govt. pic.twitter.com/yAHrVc8kOy
— Indian (@CommunistIndian) June 1, 2016
Petrol Price by Rs 2.58
— Gajendra u00efu00b8u008f (@Airavta) June 1, 2016
Diesel Price by Rs 2.26
Service tax by 0.5 %
LPG hiked By Rs 21.
Let's talk about Tanmay Bhatt's Jokes, Beef & Cow.
Everybody is gettin an increment
— Chinmaiy Pawaskar (@Chinmaiy) June 1, 2016
GDP by 7.9%
Petrol Price by Rs 2.58
Diesel Price by Rs 2.26
Service tax by 0.5 %
LPG hiked By Rs 21.
Now that the elections are over, #achedin continues for the common man...!! LPG, Petrol, Diesel #pricehike..!
— Shabeer Mohamed K (@shabeermohamed) June 1, 2016
PF taxed, ServiceTax Raise, Petrol Raised, IT exemptions taknAway & subsidies Cancelled, #AcheDin #RollBackFuelHike pic.twitter.com/XIGxOHSP1q
— Tenali Srikanth (@srikanthtenali) June 1, 2016
#AcheDin
— AAP Ka Mehta (@DaaruBaazMehta) June 1, 2016
Petrol Price hiked by Rs 2.58
Diesel Price hiked by Rs 2.26
Service Tax rate up by 0.5 %
Non-subsidized LPG hiked By Rs 21
The middle class has always been milched at the cost of profits to firms & in the disguise of development.
— Rowen D'Souza (@PenguinedZombie) June 1, 2016
15% service tax! #AcheDin
#AcheDin aa gaya for billionaires, #RollBackFuelHike
— saj (@SajadmuhammedS) June 1, 2016
Petrol Price by Rs 2.58 - Diesel Price by Rs 2.26 - Service tax by 0.5 % -LPG hiked By Rs 21.
— Mohammed Azharuddin (@AzharuddinKadri) June 1, 2016
Sarkar chain se marne bhi nahi dengi
Rs 21 Can't understand the contradiction of dis Govt. They seek GiveUp Subsidy n also hike price.. So v hav 2 earn for Govt. Not for self
— Gururaj (@AngryJurist) June 1, 2016
ATF price up 9.2%, LPG Rs 21, petrol & diesel more than Rs 2.
— Arifuddin Mohammed (@Arifuddin_Moh) June 1, 2016
Mera Desh badal raha hai. Ullu ban raha hai!
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