Thiruvananthapuram : A decision to do away with the higher tax revenue from the increase in petrol and diesel prices cannot be done and the state has not decided on this, Finance minister Thomas Issac said.
Presently, the state is facing a deficit in tax revenue. Hence the state cannot afford to lose this revenue and an appropriate decision will be taken later, Thomas Issac said here today in the Assembly. The finance minister was replying to the notice for an adjournment motion moved by the Opposition in the Kerala Assembly on the rising petrol and diesel prices.
The Centre decision to hike petrol and diesel prices is part of the anti- people policies of the centre. The state can overcome this only if it decides to do away with the higher tax revenues and Thiruvanchoor Radhakrishnan moved a notice for an adjournment motion on behalf of the Opposition. The opposition said that when the UDF was in power, the oil prices inflated around 13 times and many times the govt had done away with the higher tax revenues. The opposition want the present government to follow this step.
The finance minister did not budge with the opposition stand and the discussion on adjournment notice was not taken up. The opposition walked out of the Assembly protesting over this .