The authorities isn’t at present taking a look at chopping taxes on petrol and diesel, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan mentioned in a reply to a query in Rajya Sabha on Wednesday.
Oil advertising corporations (OMCs) have hiked the costs of petrol and diesel by round Rs 3.9 per litre because the starting of the 12 months, on the again of upper crude costs and elevated taxes on petrol and diesel. The Centre had hiked taxes on petrol by Rs 13 per litre and on diesel by Rs 11 per litre final 12 months to spice up revenues amid decrease financial exercise as a result of Covid-19.
On Wednesday, the value of petrol reached an all-time excessive of Rs 87.6 per litre in Delhi, whereas that of diesel hit a document excessive of Rs 84.63 per litre in Mumbai.
We are proud to announce that Jharkhand CM @HemantSorenJMM would be the Chief Guest of the dialogue ‘Decoding India’s inside migration’ on February 12 at 2pm.
Register right here to affix: https://t.co/ngDRKfgS9T pic.twitter.com/7DLIk0HZju
— The Indian Express (@IndianExpress) February 9, 2021
“There is no such proposal at present,” Pradhan mentioned in a written reply to the query of whether or not the federal government was planning to cut back taxes on petrol and diesel.
The Minister famous, in response to supplementary questions, that each the Central and state governments have been answerable for “this tax issue”.
