The price of one litre diesel touching an all-time high of Rs. 70.08 is stunning. The price of diesel and petrol rises day by day. This would sky rocket the price of essential commodities.
In the last four years oil rates have come down in the international market. But the Indian consumer is untouched by the relief. Who is to be blamed for it? The answer involves our complicated taxation system, the governments– both Centre and states – heavy dependence on fuel as a source of revenue.
The governments should take measures to reduce tax on fuels. The oil marketing companies should be brought under scanner and pricing of fuel should be monitored. It is the prime duty of the goverments to check the sudden spurt in the price of essential commodities that may happen from fuel price rise.
K A Solaman
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