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Home / Business News / Pranab favours 25% cut in states taxes on petrol

Pranab favours 25% cut in states taxes on petrol

Finance minister Pranab Mukherjee today made out a strong case for a 25% reduction of taxes levied by states on petrol to bring down its price.

business Updated: Jun 04, 2012, 18:33 IST
PTI

Finance minister Pranab Mukherjee on Monday made out a strong case for a 25% reduction of taxes levied by states on petrol to bring down its price.

Speaking at the day-long meeting of the Congress Working Committee (CWC), he justified the high price of petrol because of the overall international price of crude.

He said that the states needed to also do their bit on reduction of petrol price.

Corruption and price rise were the most important issues during the discussion at the CWC.

KPCC president Ramesh Chennithala attacked the petroleum companies for raising the petrol prices, especially at a time when Kerala was witnessing a by election, that put the party in trouble.

He wanted the government to take back the power to decide oil prices.

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