West Bengal to reduce tax on petrol, diesel by ₹1/litre from midnight

by Business | 21-02-2021 | 1005 views

The West Bengal government on Sunday announced a reduction of tax by ₹1 per litre on petrol and diesel effective from midnight. West Bengal Finance Minister Amit Mitra said it will provide some respite to people struggling with the rising fuel prices. "The Centre earns ₹32.90 per litre in taxes from petrol, while the state gets ₹18.46 only," he said.

Petroleum Minister Dharmendra Pradhan said there are "two main reasons" behind fuel price rise. He explained, "International market reduced fuel production & manufacturing countries are producing less fuel to gain more profit...This is making the consumer countries suffer." He also said, "Another reason is COVID-19. We've to do development work. For this, Centre and state governments collect tax."

I urge you to follow 'Raj Dharma' & reduce fuel prices: Sonia Gandhi to PM

Congress interim President Sonia Gandhi on Sunday wrote to PM Narendra Modi regarding the hike in fuel prices. "Governments are elected to ease the burden of people and at the very least, not work directly contrary to their interests," she wrote. "I urge you to follow 'Raj Dharma' and reduce fuel prices by partially rolling back excise duty," Gandhi added.

Rise in fuel prices not too much overall: Haryana CM

Amid the rise in fuel prices in India, Haryana CM ML Khattar on Sunday said the increase isn't too much overall. "Fuel prices increased by around 10%-15% in the last 4-5 years. Overall, it's not too much but the government is keeping an eye on it," Khattar added. He further said the revenue collected by government will reach people eventually.

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