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”HIKE EXISE DUTY ON DIESEL AND PETROL IS A ‘LOOT’


Parliamentary Business Team
Parliamentary Business Team | 20 Mar, 2020 | 12:00 am

During zero hour on 17th March the opposition raised the issue of price hike in the Lok Sabha. Congress leader Adhir Ranjan Chowdhury hitting at the government said "This is an absolute injustice with people. There is an effort to run the government by adversely impacting the pockets of people,"

Main
Points
opposition raised the issue of price hike in the Lok Sabha.

Further this issue was also raised by several other members also. DMK member Dayanidhi Maran accused the government of "loot".

Trinamool Congress member Sugata Roy said that people should have had good news of a drop in prices of petrol and diesel. All the opposition members alleged the government of not passing the benefit to the common people.

On Saturday, the Central Board of Indirect Taxes and Customs in two separate notifications raised the additional excise duty on petrol and diesel by 1 each and the special additional excise duty on the two fuels by 2 each. The low price of oil could also tempt states to consider raising the value-added tax on auto fuels. The government hiked the price to boost the revenue collection and to minimize the strain due to economic slowdown.

Earlier the lower house witnessed uproar on Monday as well when minister of state for finance Anurag Thakur rose to table the notifications on the increase in duty.

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