Karnataka should cut tax to ease fuel prices: Experts, opposition
BENGALURU: With the model code of conduct in place for assembly elections in five states, the Centre cannot revise the excise duty on petrol and diesel for some time. Experts and opposition parties say that instead of waiting for a policy signal from Delhi, the BS Yediyurappa government should take the initiative to check the runaway fuel prices by reducing the sales tax, a local levy.
“The state government should not wait for the Centre to make the first move. It should immediately reduce the sales tax rates on fuel to rein in the rising prices. It is an urgent need as inflation is increasing,” said taxation expert BT Manohar.
Former chief minister Siddaramaiah raised the issue in the assembly on Monday as he criticised both the central and state governments for the high prices of petroleum products.
