West Bengal CM Mamata Banerjee urges PM Modi to reduce tax charged by Centre on petrol and diesel
Noting that petrol and diesel prices were hiked eight times since May, of which six times were in June alone, she said the fuel price hike have adversely affected common people and directly impacted the inflation in the country.
FollowExpressing concern over the rising fuel prices, West Bengal Chief Minister Mamata Banerjee on Monday wrote to Prime Minister Narendra Modi urging him to lower the taxes charged by the Centre on petrol and diesel "to check the overall inflation" in the country.
Noting that petrol and diesel prices were hiked eight times since May, of which six times were in June alone, she said the fuel price hike have adversely affected common people and directly impacted the inflation in the country.
"I would like to draw your attention to the government of India policy which has brought great distress among the common people of the country. Shockingly, the retail price of petrol in many states across the county has crossed an unprecedented Rs 100 per litre," she wrote.
"It is my earnest request that the taxes charged by the Centre on petrol and diesel are substantially reduced to give much-needed relief to people and check the overall inflation trend in the country," she added.
Meanwhile, with the intention to reduce the dependency on its traditional suppliers, primarily Middle East nations, India has diversified its crude oil sourcing from Guyana, following which the first 1 million barrel Liza crude departed on Sunday for India.
Notifying about the development, the Indian High Commission in Guyana stated in a tweet, “Concrete step in Indo-Guyana economic relations,1st 1 million barrels Liza crude for @IndianOilcl loaded from FPSO Liza Destiny destination, improved cooperation and important move in the diversification of crude sourcing and future roadmap.”
The cargo is supposed to reach Paradip Port in Odisha in August.
Notably, India is the 3rd biggest oil importer and consumer in the world. It imports around 84 % of its overall crude oil. Out of which, more than 60 % was being imported from Middle East nations.
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