Govt has not yet thought about further cut in fuel tax, says Karnataka CM

Karnataka Chief Minister Basavaraj Bommai on Saturday said the government has not yet thought about further cut in fuel tax, following the Centre’s recent decision to reduce excise duty on petrol and diesel.

Bowing to public pressure, Union Finance Minister Nirmala Sitharaman on May 21 had announced a Rs 8 per litre cut in excise duty on petrol and Rs 6 a litre on diesel to avoid increase in fuel prices that were necessitated due to surge in international oil prices.