The price of petrol and diesel has skyrocketed. In some states, the price of petrol has touched the Rs 100-mark. As if to add salt to injury, the common man has also to suffer due to the rise in price of LPG. The rise of prices of fuel has a direct impact on the price of essential commodities as the cost of transportation increases. All this price rise coming during the pandemic when joblessness and fall in business activities is affecting the lives of the citizens.
It is learned that the Reserve Bank of India Governor Shaktikanta Das said that there is a need for coordinated action between the Centre and the state governments in order to reduce taxes on petrol and diesel as there are inherent taxes levied by both the governments.
It is necessary to hold discussions on how best to deal with the situation. It must be said that on days before the State elections, political leaders at the Centre and the state go into overdrive on how to fight the state elections. The Central and state government needs to show the same enthusiasm in formulating a coordinated action to reduce the taxes on fuel.
