People who are being crushed by adopting the policy of 'first you first'

- Revenue from petrol-diesel tax is more than income tax to the government

In the 3 days of the current month of June, Rs. 3.5 and Rs. An increase of 4.5. Last date Since May 5, fuel prices have risen three times. As a result, Rs. 3.5 and Rs. An increase of 4.5. Crude prices continue to rebound in the international market due to various factors. In addition, the Bank of America has recently forecast a rise in crude oil prices to 100. Thus, there does not seem to be any relief on the global front. On the other hand, there is no consensus between the Center and the state governments on the issue of reduction in domestic fuel tax and fuel prices have been steadily rising following the 'first you, first you' policy.

The issue of controlling fuel prices is being discussed at the GST Council meeting. On the other hand, discussions are also held between the central and state governments. But no concrete steps are taken after considering this discussion. The state governments have demanded that if the central government reduces the tax first, then the central government fears that if it reduces the tax, the state governments will back off on the issue. Thus neither of the two governments is willing to reduce the tax on fuel. And its prices are skyrocketing day by day.

At present, the government's coffers are being flooded only because of the hefty tax on fuel. For this reason, neither government is willing to reduce taxes. During the first nine months of the last financial year, i.e. from April to December '80, Rs. 1,3,8 crore were deposited. While in the treasury of the central government Rs. 2,8,31 crore were deposited.

If we talk about the entire financial year 2060-21, during the year, the government has to pay Rs. The revenue was Rs 2.5 lakh crore. While excise duty on petrol-diesel and VAT of state governments in the form of Rs. A huge amount of Rs 2.5 lakh crore has been deposited in the treasury. It may be mentioned here that despite the decline in fuel sales during the last financial year due to lockdowns and drastic restrictions, the government was able to generate huge revenue through fuel tax. Compared to 2013-2014, the government has earned 9% profit from petrol and diesel tax in 2020-21. During this period, fuel consumption has declined by 10.4 per cent.

The budget of the people has been completely disrupted due to the continuous rise in fuel prices for a long time. So on the other hand inflation is steadily rising. Transportation has also become expensive. There is widespread opposition to this issue. However, the government does not bother with the toss. Due to which the people are constantly being crushed ...