Jayalalithaa urges Centre to withdraw hike in excise duty on fu
Chief Minister Jayalalithaa said, the excise duty on petrol and diesel is become a ?routine? for the Central government to hike it and urged for its withdrawal.
Pointing out that the excise duty on petrol and diesel were increased by Rs. 11.77 and Rs. 13.57 respectively, since November 2014 and Rs. 2.12 and Rs. 5.50 respectively within this month, Ms. Jayalalithaa said, in a statement, it was ?not fair? on the part of the Central government to hike the excise duty to reduce the deficit in revenue.
As withdrawing the hike in excise duty would lead to revival of economic growth in the country, she said, ?I insist that the excise duty hike must be withdrawn keeping the long-term interest of economic growth in mind and the Central government should change its narrow perspective of hiking excise duty for reducing revenue deficit.?
Though many States hiked their sales tax on fuel following the Central government, her government has not followed suit and so sales tax in the State was the lowest among the southern States, she claimed.
Ms. Jayalalithaa further reiterated her demand to change the ?faulty? pricing of fuel adopted by the erstwhile UPA government, which was being followed by the present government.