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State Govt taxes behind latest hike: IOC

By Staff reporter
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GUWAHATI, July 26 � The rising crude oil prices coupled with the taxes levied by the State Government have fuelled the latest rise in the prices of petroleum products.

According to a statement from IOC, new irrecoverable taxes levied by State Governments, changes in State tax structures etc., the steep increase in the prices of crude oil and petroleum products in the international markets and the consequential increase on the taxes, and the increase in retail selling prices of petroleum products and consequential increase of the taxes have combined to affect the price hike.

�As a result of the above mentioned factors, the irrecoverable taxes have undergone reduction in some States and increase in others. Thus, there was a need to review the Government of India�s Irrecoverable Taxes Compensation Scheme-2002 to make the levy rational on a State-to-State basis to reflect reduction in prices in States where the irrecoverable taxes have undergone decrease and affect increase in prices in States where the said taxes have been increased as well as to reduce the burden of the oil marketing companies on account of irrecoverable taxes,� it said.

As a result of the said revision, diesel prices rose by Rs 1.95, while petrol prices shot up by Rs 2.13 in Assam. Similarly, LPG (domestic) prices rose by Rs 19.43 in the State.

Rollback demanded: Meanwhile, the Consumers� Legal Protection Forum (CLPF) has strongly opposed the hike in petrol, diesel and LPG prices, and demanded an immediate rollback.

Terming this price hike as an anti-people move, the Forum�s chief coordinator Ajoy Hazarika slammed the government for taking this decision without any proper notification.

�Without any prior information to the public, the State government abruptly increased the prices of petrol, diesel and LPG. The common consumers will face tremendous inconvenience for this abnormal activity of the government,� said Hazarika.

It needs to be mentioned here that the State Govt. has increased the rates without any proper notification.

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State Govt taxes behind latest hike: IOC

GUWAHATI, July 26 � The rising crude oil prices coupled with the taxes levied by the State Government have fuelled the latest rise in the prices of petroleum products.

According to a statement from IOC, new irrecoverable taxes levied by State Governments, changes in State tax structures etc., the steep increase in the prices of crude oil and petroleum products in the international markets and the consequential increase on the taxes, and the increase in retail selling prices of petroleum products and consequential increase of the taxes have combined to affect the price hike.

�As a result of the above mentioned factors, the irrecoverable taxes have undergone reduction in some States and increase in others. Thus, there was a need to review the Government of India�s Irrecoverable Taxes Compensation Scheme-2002 to make the levy rational on a State-to-State basis to reflect reduction in prices in States where the irrecoverable taxes have undergone decrease and affect increase in prices in States where the said taxes have been increased as well as to reduce the burden of the oil marketing companies on account of irrecoverable taxes,� it said.

As a result of the said revision, diesel prices rose by Rs 1.95, while petrol prices shot up by Rs 2.13 in Assam. Similarly, LPG (domestic) prices rose by Rs 19.43 in the State.

Rollback demanded: Meanwhile, the Consumers� Legal Protection Forum (CLPF) has strongly opposed the hike in petrol, diesel and LPG prices, and demanded an immediate rollback.

Terming this price hike as an anti-people move, the Forum�s chief coordinator Ajoy Hazarika slammed the government for taking this decision without any proper notification.

�Without any prior information to the public, the State government abruptly increased the prices of petrol, diesel and LPG. The common consumers will face tremendous inconvenience for this abnormal activity of the government,� said Hazarika.

It needs to be mentioned here that the State Govt. has increased the rates without any proper notification.

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