Karnataka Chief Minister Basavaraj Bommai on Saturday mentioned the federal government has not but considered additional minimize in gas tax, following the Centre’s current choice to scale back excise obligation on petrol and diesel.
Bowing to public strain, Union Finance Minister Nirmala Sitharaman on May 21 had introduced a Rs 8 per litre minimize in excise obligation on petrol and Rs 6 a litre on diesel to keep away from enhance in gas costs that have been necessitated as a result of surge in worldwide oil costs.
Also, the Central authorities had determined to present Rs 200 per cylinder subsidy to Ujjwala Yojana beneficiaries for 12 cylinders in a 12 months to assist ease a few of the burden arising from cooking fuel charges rising to report ranges.
“No we have not yet thought about it…,” Bommai mentioned in response to a query on whether or not the state authorities has considered any minimize in gas costs, following the Centre’s choice.
Ahead of leaving for the Swiss ski resort city of Davos, to participate within the World Economic Forum’s Annual Meeting, Bommai on May 22 had mentioned, his authorities will take into account an extra minimize in gas tax, following the Centre’s choice.
He had earlier maintained that any choice on this regard will probably be taken after trying on the financial system of the state.
The Chief Minister returned from Davos on Friday.
In November 2021, the state authorities had minimize gross sales tax on petrol from 35 per cent to 25.9 per cent and on diesel from 24 per cent to 14.34 per cent, which resulted in petrol value lowering by Rs 13.30 per litre and diesel by Rs 19.47 per litre.
Source: www.financialexpress.com”