Oil companies should reduce petrol/diesel prices
April 5, 2018

Oil companies should reduce petrol/diesel prices

In light  of the petroleum products prices coming down to below US$ 65/- per barrel its surprising as the Oil companies have not reduces the petrol and diesel prices, they should have followed the same trend which they were doing while increasing this is anti Consumer act of oil companies said Mr. Vijay Kalantri, All India Association of Industries (AIAI).


AIAI further feels instead of daily changes in  rates, the Government should revert back every 15 days as in past to facilitate consumers and oil dealers and avoid confusion.


Mr. Kalantri further said that   the recent increase in CESS on petrol/diesel   from Rs. 2/- to Rs. 8/- is a big hike which should be brought down to Rs. 4/- or revert to original cess rate


The state Governments is also  increasing hike on CESS and Local taxes, which needs to be rationalized, we suggest petroleum products should be brought under GST on priority.