Fuel Prices Relatively Lower In India, Opposition States Have Highest Prices: Government Sources
NDTV
Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, etc have not reduced their fuel prices
Hitting back at the Opposition parties' charge that fuel prices in India are higher than the neighbouring countries of Pakistan and Sri Lanka, Government has said that despite 33 per cent rise in international crude oil prices since January 2022, rates are relatively lower in the country.
Highly placed sources said that though the Centre had cut excise duty on petrol and diesel on November 4, 2021 by Rs 5 and Rs 10 per litre respectively, eight of the top 10 states with highest petrol and diesel prices are governed by non-BJP parties.
Sources further informed that seven Opposition states namely Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand have not reduced their fuel prices and in fact, have earned an extra Rs 11,945 crore as compared to states that had cut rates.
They further said that while the Centre has lost revenue worth Rs 1 lakh crore a year due to tax cuts on fuel and states that had cut their own VAT rates have lost Rs 15,969 crore, the above mentioned Opposition states earned surplus revenue.
