CPI-M decries inflation on petrol and other essential commodities
Source: IT News
Imphal, May 08 2018:
Communist Party of India (Marxist) decries the inflation of petrol and diesel and other essential items in the country.
In a statement issued by State Secretary of CPIU �M , Manipur, Ksh Shanta, the left party said that excess imposition of excise duty to petroleum product for increase of revenue has cause series impact to the essential items.
The inflation in the petrol and diesel has move backward the life of the common men as it affects and rise the price of the essential commodities.
The statement said that Petrol and Diesel price is the highest in India in whole the Asian countries.
It further added the in the last 4 year since April 1, 2014, excise duty impose at one liter of petrol is Rs.9.48, now the duty is rise.
This is a rise of 105% and 47.4 % in retail price for increase of the tax revenue.
Since April 1 , 2014, the diesel rate has been increase from Rs.3.56 per liter to Rs.15.33 .
This again is a rise of 330% and 38.09 rise in tax.
" This government had promised to reduce the excise duty on petrol and diesel but still fail to do so", the statement said.
The statement further said that the price of petrol and diesel is the highest during the present government in the history of India.