An editorial in the party journal "People's Democracy" said retail prices of petrol and diesel had reached a new high in India.
Ever since the daily price revision was introduced, the price of petrol had gone up by over Rs 6.17 per litre since July 1.
"There is no justification whatsoever for the steep and successive hike in excise duties. There has to be a substantial cut in the duties on petrol and diesel and the people must get the benefit of the reduced prices," the editorial said.
"This is due to the high taxes levied on petroleum products," said the Communist Party of India-Marxist. The government has hiked excise duty on petrol and diesel 11 times since November 2014. Besides, there were state level taxes.
"The central government has siphoned off all the reduction in crude oil prices through increased excise duty and VAT. The government's excise duty collection during the period 2014-17 shot up from Rs 99,184 crore to Rs 242,691 crore.
"This form of indirect taxes burden the ordinary people. The increase in diesel prices affect the farmers and small entrepreneurs; the increase in petrol prices affect those using public and private transport.
"If the excise duties had not been increased so sharply, disposable income would have increased in the hands of the consumers, which would have led to an increase in the purchasing power of the people and revived demand for a whole host of goods."
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