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Finance Minister Sitharaman speaks on rising prices of petrol and diesel.

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Finance Minister Sitharaman speaks on rising prices of petrol and diesel. Funny Jokes

Finance Minister Sitharaman speaks on rising prices of petrol and diesel. Funny Jokes

Finance Minister Nirmala Sitharaman has admitted that the rising burden of petrol and diesel is increasing the burden of people, adding that the central and state government will have to sit and talk and take a decision on this issue. , Because fuel is taxed by both governments. The Finance Minister said on Friday that people should get relief from high prices of petrol and diesel, but for this, tax will have to be cut at both the Central and State levels.

Speaking to reporters at the Indian Women’s Press Corp (IWPC) on Friday, Sitharaman said, “People’s demand to bring down the prices of petrol and diesel is justified. It is understood that the burden on the customers is increasing, but fixing the price is a difficult issue in itself. That is why I have used the word ‘Dharmasankat’ for this. This is a question on which the central and state governments should talk together. On petroleum products (Petroleum products) The central government does not levy taxes alone, the states also levy taxes on it. “

States get 41 percent share of tax

It is known that about 60 per cent of the price of petrol goes to the Central and State Governments as tax. At the same time, it is up to 56 percent in the case of diesel. The Finance Minister said that both the central and state governments get revenue on petrol and diesel. 41 percent of the tax collected by the central government goes to the states. In such a situation, it would be appropriate that the Center and the state talk about it among themselves.

At the same time, on the matter of bringing petrol and diesel under the Goods and Services Tax (GST), he said that any decision in this regard has to be taken by the JST Council. At the same time, when he was asked that the Central Government will bring such a proposal in the next meeting of the GST Council, in response to this, he said that it would be considered when the time of the meeting of the Council comes near.

Petrol price Rs 100 per liter in some states

In Rajasthan, Madhya Pradesh and Maharashtra, petrol prices have crossed Rs 100 per liter in some places, while in other places of the country, their prices are still at the highest level. If the central government talks on fuel prices, this will be the first formal discussion on the matter after the exclusion of GST from crude oil and petroleum products in the year 2017. When GST was implemented in the year 2017, petrol products like petrol, diesel, crude oil, natural gas and ATF were excluded from its purview.

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