GET Stock QuotesNews18 APP
News18 English

Madhya Pradesh

Rajasthan

Poll in 1 seat deferred

Chhattisgarh

Telangana

Mizoram

»
1-min read

Karnataka and Kerala Govts Refuse to Match Centre’s Petrol and Diesel Price Cut

Finance minister Arun Jaitley while announcing the rate cut had urged all state governments to match the deduction and thirteen BJP-ruled states have immediately followed suit.

Revathi Rajeevan | CNN-News18

Updated:October 5, 2018, 12:00 AM IST
facebookTwittergoogleskypewhatsapp
Karnataka and Kerala Govts Refuse to Match Centre’s Petrol and Diesel Price Cut
Representative image (Reuters)
Loading...
Soon after the Centre cut petrol and diesel prices by Rs 2.50 per litre, Karnataka and Kerala governments announced that they would not reduce fuel prices further.

Finance minister Arun Jaitley while announcing the rate cut had urged all state governments to match the deduction and thirteen BJP-ruled states have immediately followed suit.

But Karnataka chief minister HD Kumaraswamy said he would not reduce taxes on fuel. “The state did it before the central government did,” he said.

In September, the chief minister had announced a Rs 2 cut on petrol and diesel prices while the country was seeing daily increase in prices.

However, this was after a 2% fuel price hike in July in the form of cess for farm loan waiver announced in the budget.

Speaking to the media, Kumaraswamy also said that he appreciates the move by the central government. "At least now, the central government opened its eyes. They have reduced the price seeing people's difficulty. We appreciate that," he said.

The prices of petrol and diesel in Bengaluru are Rs 84.76 and Rs 75.93 respectively.

Kerala finance minister minister Thomas Isaac also rejected the central government’s request to match the fuel price cut.

The state will do so if the Centre bring the fuel prices down to the level when the Narendra Modi government assumed office in May 2014, Issac told the media here while reacting to Union Finance Minister Arun Jaitley's statement in this regard.

"Ever since the Modi government assumed office, it has raised excise duty on diesel by Rs 14 and petrol by Rs 9 per litre. You should understand that the reduction effected on Thursday is on this amount. If the Centre is serious, it should reduce the tax to what it was when it assumed office. Then we will also step in," said Isaac, a former economist.

(With inputs from agencies)
(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results