Mamata government reduces fuel tax by Re 1 per litre

Image
IANS Kolkata
Last Updated : Sep 11 2018 | 6:00 PM IST

Urging the Centre to reduce the cess on fuel prices, West Bengal Chief Minister Mamata Banerjee on Tuesday announced that her government has decided to reduce the tax on petrol and diesel by Re 1 per litre.

"We demand the Central government to reduce the cess on petrol and diesel. The price of crude oil has gone down, but they are increasing the prices and cess. Both cannot happen simultaneously. The state government does not get any percentage from the cess.

"In this situation, our government has decided to reduce the prices of petrol and diesel by one rupee per litre," she said at the state Secretariat Nabanna.

She also said mismanagement is going on.

The cess imposed by Central government has been increased and no attempts are being made to bring stability in the fuel prices, Banerjee alleged.

"In January, 2016 the petrol price was Rs 65.12 a litre and in September 2018 the price has risen to Rs 81.5 per litre. So the petrol price has gone up by Rs 16.48 per litre. Diesel price was Rs 48.80 a litre in 2016 ,now it has risen to Rs 73.26 per litre, which is a hike of Rs 24.46," Banerjee said.

--IANS

bdc/anp/sed

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 11 2018 | 5:52 PM IST

Next Story