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Oil companies should reduce petrol/diesel prices, says AIAI

Monday, February 12, 2018
By A Business Reporter

In light of the petroleum products prices coming down to below US$ 65/- per barrel its surprising as the Oil companies have not reduces the petrol and diesel prices, they should have followed the same trend which they were doing while increasing this is anti Consumer act of oil companies, said Vijay Kalantri, President, All India Association of Industries (AIAI).

AIAI further feels instead of daily changes in rates, the Government should revert back every 15 days as in past to facilitate consumers and oil dealers and avoid confusion. Kalantri further said that the recent increase in CESS on petrol/diesel from Rs. 2/- to Rs. 8/- is a big hike which should be brought down to  Rs. 4/- or revert to original cess rate The state Governments is also increasing hike on CESS and Local taxes, which needs to be rationalized, we suggest petroleum products should be brought under GST on priority.

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