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Reduce fuel prices as crude oil rates decline: KT Rama Rao | Hyderabad News
HYDERABAD: TRS working president and minister KT Rama Rao demanded the Centre to lower the fuel prices and reduce the burden on the people of the country as international crude oil prices declined. He said the BJP government should immediately do away with all types of cesses on petrol and diesel.
In a statement on Wednesday, the industries and municipal administration minister said if the prices of a barrel of crude oil decreased internationally, the benefit should be passed on to the people.
He said the Modi government does not want that to happen and has been increasing excise duties and cesses. Since 2014, the Centre has increased fuel prices many times and put a Rs 26 lakh crore burden on the people in the form of fuel taxes and cesses.
“The Centre is exploiting the common people and serving the corporate. As they are too busy serving the interests of the Corporates, they do not have any concern towards the sufferings of the poor and the middle classes,” KTR alleged.
The working president said before coming to power in 2014, Modi made hue and cry about rising fuel prices and even accused the then UPA government for its failure to control the prices. “When Modi became PM, the price of a barrel of crude oil was around 110 dollars. By January 2015, it had fallen to 50 dollars and in January 2016 it had further dipped to 27 dollars. In 2020, the price of barrel crude oil fell to even 11 dollars due to Covid & lockdown. However, the Modi government has never reduced fuel prices, remarked,” he said.
The minister said if the Centre lifts the duty levied on fuel, the people would get a relief of around Rs 30 per litre.
The Telangana government has not levied a single rupee of additional tax on fuel since the state’s formation, KTR said.
In a statement on Wednesday, the industries and municipal administration minister said if the prices of a barrel of crude oil decreased internationally, the benefit should be passed on to the people.
He said the Modi government does not want that to happen and has been increasing excise duties and cesses. Since 2014, the Centre has increased fuel prices many times and put a Rs 26 lakh crore burden on the people in the form of fuel taxes and cesses.
“The Centre is exploiting the common people and serving the corporate. As they are too busy serving the interests of the Corporates, they do not have any concern towards the sufferings of the poor and the middle classes,” KTR alleged.
The working president said before coming to power in 2014, Modi made hue and cry about rising fuel prices and even accused the then UPA government for its failure to control the prices. “When Modi became PM, the price of a barrel of crude oil was around 110 dollars. By January 2015, it had fallen to 50 dollars and in January 2016 it had further dipped to 27 dollars. In 2020, the price of barrel crude oil fell to even 11 dollars due to Covid & lockdown. However, the Modi government has never reduced fuel prices, remarked,” he said.
The minister said if the Centre lifts the duty levied on fuel, the people would get a relief of around Rs 30 per litre.
The Telangana government has not levied a single rupee of additional tax on fuel since the state’s formation, KTR said.
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