Central govt should cut its tax on fuel, says Tamil Nadu govt© business-standard.com

Central govt should cut its tax on fuel, says Tamil Nadu govt

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The centre should come forward to reduce its tax on petroleum products since the resources for state's own tax revenue is meagre, Tamil Nadu Deputy Chief Minister O Panneerselvam told the Assembly on Saturday.

Mr Panneerselvam, pointing to accusations by the main opposition Dravida Munnetra Kazhagam (DMK) over the interim budget (2021-22), said a flawed view of holding the state government responsible for the petrol and diesel price rise, was being propagated.

"There is no iota of truth in such a view," he said, replying to the general discussion on budget.

Referring to aspects like global economic cyclical changes vis-a-vis the coronavirus pandemic, he said the state government last year modified the system of taxation on petrol and diesel anticipating abnormal changes in prices of petroleum products.