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17 September 2017, 05:44 | Glen Norman
Congress to launch nationwide agitation against high tax on petrol
Maken said on August 2, 2017, the BJP Government chose to increase the dealer commission on petrol by Re 1 per litre and on diesel 72 paise per litre, the cost of which was passed on to the consumers. The main Opposition party alleged that the government was profiteering at the expense of the common man.
Fearing the three-year high in the prices of these fuels, consumers believe that the concept of market-determined rates was tampered with by frequent tax hikes when the crude oil prices fell steeply and are ruling at exactly half the level of Dollars 107 per barrel in May 2014, even after rising in the last three months. The Congress is planning a countrywide agitation from September 20 against heavy taxes on the fuel.
CPI (M) mouthpiece People's Democracy, criticising frequent fuel price hikes, has questioned the way the government is spending "windfall gains" made by eleven hikes in excise duty in last three years.
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Says with crude oil price falling in int'l market, rise in petrol, diesel rates a crude jokeLudhiana, September 16Members of the Communist Party of India (CPI) protested the inordinate increase in the prices of petrol and diesel, despite fall in crude oil prices in the global market.
He said the party would fight this battle to reduce taxes on every available forum and challenged the BJP to come out with a white paper on taxes on fuels and the gains thereof.
"We fight for the people, tooth and nail, until this draconian taxation regime is withdrawn", Maken said. Delhi Congress chief Ajay Maken will lead the campaign. The party said that the worldwide crude rates were low but the government has increased the fuel rates by levying the massive central excise duties and other taxes. Says with crude oil price falling in int'l market, rise in petrol, diesel rates a crude jokeTribune News ServiceLudhiana, September 16Members of the Communist Party of India (CPI) protested the inordinate increase in the prices of petrol and diesel, despite fall in crude oil prices in the worldwide market.
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He further informed that the total contribution of petroleum to the central and state treasury have crossed 5-lakh crore mark at Rs 5,24,304 crore in 2016-17. In September 2012, the price of crude oil was $112 per barrel.
Party leaders said increase in central excise duty 11 times in the past three and half years--133.47 percent in petrol and 400.86 percent in diesel, coupled with high food prices, has hit the people hard.
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