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Finance Ministry is considering reducing tax on petrol and diesel, know how long the decision may be – report

According to Reuters, finance ministry is now considering reducing the tax on oil prices. The finance ministry has discussed this with some states, oil companies and the petroleum ministry. According to sources, the Finance Ministry wants to find a way that does not affect the government's income and can also provide relief to the general public.

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Bengaluru: Due to the ever increasing prices of petrol and diesel, the pocket of the common man is being loosened. For the last three days, the prices of petrol and diesel have not changed, but the effect of the prices that have reached the sky has started showing. Meanwhile, there is news that the Finance Ministry is considering reducing excise duty in petrol diesel prices. In the last ten months, the price of crude oil has doubled, which has hit the common man. But now 60% tax is levied on petrol and diesel, due to which oil has become so expensive.

Let me tell you that when the economy of the country was affected in the Corona era, it affected the prices of oil. In the last one year, the government doubled the tax on petrol and diesel. During the Corona period, the prices of crude oil were very low, but its benefit did not reach the common man.

According to news agency Reuters, now the finance ministry is now considering reducing the tax on oil prices. The Finance Ministry has discussed this with some states, oil companies and the Petroleum Ministry. According to sources, the Finance Ministry wants to find a way that does not affect the government’s income and can also provide relief to the general public.

According to sources, the price of petrol diesel is being considered stable. Sources said that the government is considering such a solution by which prices can be kept constant. It can be decided by mid-March. Before reducing the tax, the government wants to stabilize prices, so that the tax structure does not have to change if the prices of crude oil rises in the future. Recently, Finance Minister Nirmala Sitharaman had said, “I cannot say when the tax on fuel will be reduced. But the states and the government will have to talk among themselves to reduce tax.

Prices did not increase for the third consecutive day

There is no change in the prices on petrol and diesel today for the third consecutive day. Petrol and diesel are currently at their highest level in the capital Delhi and Mumbai. In Delhi, the price of petrol has reached Rs 91.17 while the price of diesel has reached Rs 81.47. At the same time, the price of petrol in Mumbai has reached Rs 97.57 and the price of diesel has reached Rs 88.60 per liter.

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