Finance Minister of India, Niramala Sitharaman had an interaction with the students of Indian Institute Of Management (IIM-A) where she was asked about reducing the petrol and diesel prices, answering to the question, Sitharama said that “She won’t be able to tell ‘when’ and it is actually a Dharam Sankat.”
She also said that there is no hiding of the fact that the Centre gets revenue from it. She agrees that there should be less burden on consumers and for that both the Centre and State should talk with each other.
Union Oil Minister Dharmendra Pradhan
Recently Dharmendra Pradhan told the news agency ANI that “Fuel Prices will come down after winters, Rising fuel prices is an international matter, it is high in Demand, it will be settled once the winter is gone, it happens in winter”.
And on Sunday, Dharmendra Pradhan tried to explain behind the rising fuel prices. He said that, the fuel production has been reduced by the International market, that is why manufacturing countries are producing less fuel to earn more profit. This is the reason why consumer countries are suffering.
He also said that the Covid-19 pandemic has been a factor too. Due to various development work, Centre and state governments collect the tax and these development work generates jobs. The investment has been increased by the government and 34% more capital spending will be done in the budget. Spending will be increased by the state governments too. This is the reason there is a need for this tax and also there is no need of balance. He believes that both Finance Minister and state governments can find a way together.
Governor Shaktikanta Das
Governor Shaktikanta Das said there is a need for coordinated action between the Centre and state governments to reduce taxes on petrol and diesel prices because taxes are levied by the both and a measured reduction of taxes is really important.