OIL & GAS

Kerala: Opposition demands subsidy to mitigate fuel price rise

The opposition demanded that the government provide fuel subsidies to the most eligible, so as to provide some relief from the upward spiralling fuel prices.

The suggestion from opposition leader V D Satheesan came after the ruling front and the opposition locked horns over the fuel prices increasing daily. Seeking leave for adjournment motion, N Shamsudheen raised the matter, which then turned into a political blame game on who offered tax relief more number of times to reduce the impact of fuel price increase to the public.

Shamsudheen claimed that Oommen Chandy-led UDF government had waived additional taxes on petroleum fuels on seven instances to give up Rs 619.17 crore that could have been added to the state treasury, to provide relief to the public. He demanded that the state should demand the Centre to bring petroleum fuels also under the ambit of GST so that there is a cap on taxes.

Replying to the opposition, finance minister K N Balagopal said that the UPA government began deregulation of fuel prices, and the NDA government continued it. He said that compared to Kerala, the taxes on fuels imposed by other states, including Congress-ruled states, are much higher.

Source
ET Energy World
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