No plan to cut tax on petrol, diesel: Minister
The Hindu
Balagopal says Centre’s move a temporary face-saving measure
Amid mounting pressure to reduce the tax collected by the State on petrol and diesel, Finance Minister K.N. Balagopal made it clear on Friday that the Government had no plan to go for a cut.
Mr. Balagopal justified the State’s decision on the grounds that the Centre, which announced Central excise duty cut of ₹5 on petrol and ₹10 on diesel on Wednesday, had in fact reduced only a fraction of the large sum it collected by way of special tax and cess.
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