Stalin urges TN govt to reduce taxes on petroleum products

Image
Press Trust of India Chennai
Last Updated : Oct 11 2017 | 2:28 PM IST
Opposition DMK today slammed the "oppressive taxation" on petrol and diesel and urged the Tamil Nadu government to reduce taxes on these products to benefit the common man.
DMK Working President and Leader of Opposition in the state Assembly, M K Stalin, asked Chief Minister K Palaniswami to take a cue from Gujarat and Maharashtra in this regard.
The two BJP-ruled states had yesterday reduced Value Added Tax (VAT) on petrol and diesel, resulting in them getting cheaper.
They had effected the changes after Union Finance Minister Arun Jaitley had recently written to states asking them to reduce taxes on these. The Centre had recently brought down excise duty on petrol and diesel by Rs 2 per litre.
Stalin recalled that the M Karunanidhi-led DMK government had in the past reduced taxes on petrol and diesel in the state during certain rate revisions of the products.
"People are struggling hard due to the oppressive taxation on petrol and diesel which has led to prices of petrol to hover around Rs 70.96 and diesel at Rs 60.04 (in Chennai)," he said.
It was the government's duty to "ease this pain" which people faced, he added.
"Hence, I insist this (AIAMDK) government to follow the actions initiated by Gujarat and Maharashtra and transfer the benefit to people by reducing the taxes," Stalin said.
He said daily revision of prices of petrol and diesel due to the "central BJP government's dynamic pricing policy has proved to be a huge burden, especially for the poor and middle class sections of the population.

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: Oct 11 2017 | 2:28 PM IST

Next Story