CII seeks tax cut on petrol, diesel
Centre, States need to collaborate on containing rising inflation: Sanjiv Bajaj
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New Delhi: Making a strong case for reduction in taxes on petrol and diesel, CII President Sanjiv Bajaj on Tuesday said it should be done in a collaborative manner between the Centre and states with a view to containing the rising inflation.
In an interview to PTI, he said taxes on petrol and diesel were increased by the government at a time when the price of crude oil in the international market was low and the same needed to be reversed.
"Very clearly one of our prime constituents of inflation is oil. We've seen the rise on the ground of oil prices resulting in petrol prices. We've seen the impact on inflation and this needs to be urgently addressed. We know taxation, both Centre and states, is very high and it is something which we have seen when oil prices fell, at that time rates were increased. Now that oil prices have gone up, we believe that there is a case for this to be discussed in a collaborative manner, because eventually we are doing this for one country," said Bajaj.
The CII president also said the three contentious agri bills that were rolled back earlier "should be reviewed but in proper consultation and then taken forward".
