OIL & GASPolicy & Govt

Centre should distribute Rs 4 lakh cr raised from increased oil prices among states: Mamata

Claiming that the Centre has raised Rs 4 lakh crore in the recent times from increased fuel prices, West Bengal Chief Minister Mamata Banerjee on Tuesday demanded that the money be equally distributed among states.

Banerjee, during an Assembly session, alleged that the Union government has slashed excise duty recently on petrol and diesel, with an eye on the upcoming Assembly elections in five states.

“The central government has collected around Rs 4 lakh crore from the taxes levied from selling cooking gas, petrol and diesel at increased prices. Now, they (BJP) want the states to reduce the VAT. Where will the states get their money from?

“The Centre should distribute that Rs 4 lakh crore equally among the states,” she said while addressing the West Bengal assembly. The CM further said that the state has been providing several subsidies despite financial constraints.

“Whenever elections are near, they (Centre) bring down the prices. Once that is over, they increase it again. Those lecturing us on oil prices should first answer where the state government will get its money from.

Source
ET Energy World
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