Cut in excise duty on petrol, diesel was ‘jumla’, ‘loot’ by govt continues: Congress on fuel price hike

By: |
New Delhi | October 8, 2018 7:20 PM

The Congress Monday termed the recent reduction in petrol and diesel prices as a mere "jumla" (rhetoric) and said the "loot" of the Modi government has been continuing unabated even during the festival season.

fuel price hike, cut inexcise duty on petrol, Congress, GST, bjp government, Randeep SurjewalaThe opposition party alleged that “looting” people’s pockets through taxes on petrol and diesel has become the primary duty of the BJP-led government and reiterated its demand for bringing petrol and diesel under the ambit of the Goods and Services Tax (GST). (PTI)

The Congress Monday termed the recent reduction in petrol and diesel prices as a mere “jumla” (rhetoric) and said the “loot” of the Modi government has been continuing unabated even during the festival season. The opposition party alleged that “looting” people’s pockets through taxes on petrol and diesel has become the primary duty of the BJP-led government and reiterated its demand for bringing petrol and diesel under the ambit of the Goods and Services Tax (GST).

“The Modi government is continuously looting the public on petrol and diesel. Looting people’s pockets is the primary duty of the BJP. In the last three days, prices of petrol have risen by 53 paisa and diesel by 87 paisa in Delhi. The loot of Modi government is continuing unabated during the festivals,” Congress chief spokesperson Randeep Surjewala said on Twitter.

Petrol and diesel prices were cut by a minimum Rs 2.50 on October 5 when the government’s only second cut in excise duty of Rs 1.50 per litre and state-owned fuel retailers providing a Re 1 per litre subsidy came into effect. Congress spokesperson Priyanka Chaturvedi said Finance Minister Arun Jaitley announced a reduction of Rs 1.50 in excise duties on petrol and diesel, but rise in prices of petrol and diesel subsequent to it clearly shows that fuel price reduction has turned out to be a mere “jumla”.

Asked about Congress chief ministers not favouring bringing petrol and diesel under the GST, she said there was no dichotomy in the Congress’s stand on the issue. “Our stand is clear that petrol and diesel be brought under the GST ambit. There is no dichotomy within the party on the issue. Currently, the BJP is in power in 21 states and if they want, petrol and diesel prices can be brought under GST,” she told reporters.

She said the chief ministers and finance ministers of states ruled by the Congress are on board on the issue, but there may have been differences over some issues about revenue sharing with states that can be sorted out. The party has last month gone on the offensive on the rising petrol and diesel prices and observed a day-long ‘Bharat Bandh’ on the issue.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1West Bengal Election 2021: Smaller parties rally behind Mamata Banerjee to take on BJP might
2Rahul Gandhi targets govt over price rise issue
3Supreme Court quashes 27% OBC reservation in Maharashtra Zilla Parishad polls, says total reservation ceiling of 50% can’t be breached