[Marxistindia] No Increased Tax on Petrol and Diesel

[news from the cpi(m)]

November 14, 2014

Press Statement

 

The Polit Bureau of the Communist Party of India (Marxist) has issued the
following statement:

 

No Increased Tax on Petrol and Diesel

 

The Polit Bureau of the CPI(M) expresses its strong opposition to the Modi
government's decision to increase excise duty on petrol and diesel.  There
has been a steep hike of Rs. 1.50 per litre.

 

Petrol and diesel are  already heavily taxed and this constitutes a major
part of the retail price.  Therefore, there is no justification for this tax
hike.

 

The government is misleadingly stating that this hike will not result in an
increase in the retail price of petrol and diesel.  However, what it
actually does is to prevent a further reduction in the retail price  which
is due.  This amount is being mopped up to augment government revenue to the
tune of Rs. 6,000 crore in the current financial year.  Not only the people
have been deprived of a substantial reduction in petrol and diesel prices,
but in future when international oil prices rise, the tax burden on the
people will increase.  

 

There is a need for an immediate review and revision of the tax  structure
on petroleum products.  The iniquitous ad valorem tax should be given up and
a more rational tax structure instituted.  

 

 

eom

 

Central Committee

Communist Party of India (Marxist)

A.K. Gopalan Bhawan

27-29, Bhai Vir Singh Marg, Gole Market

New Delhi 110 001

 

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