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Bharateeyudu Side Hero Username: Bharateeyudu Post Number: 7869 Registered: 03-2016 Posted From: 117.195.227.92 Rating: N/A |
In 2014 when NDA government was formed in center excise duty on diesel was 3 rs and petrol was 9 rs. When international crude prices began to fall central government took it as opportunity to bridge fiscal deficit gap and increased excise duty on diesel on petrol(21 INR ) and diesel(17 INR) there by consumers could not enjoy benefits of falling crude prices. Now with crude prices hovering around 80$ and expected to touch 100$ I think before any backslash from people and political parties its time to cut excise duty by 2 Rs every time crude oil price raises by 5 $ from here on. Instead of depending on economists and bureaucrats who simply say inflation is still 4 or 5% and this cut is unwarranted but with political scenario heating up its time to take this measure. |