May 20, 2018

Reduce state taxes to bring down fuel prices! Featured

Claiming it as a measure to minimize losses, the CPC has raised fuel prices, but it continues to incur losses than before, reports say.

For instance, the CPC increased the price of a litre of 92 Octane petrol to Rs. 137, but it has to spend Rs. 150 for its production and distribution. 

That means a loss of Rs. 13 per litre.

The state imposes a tax of Rs. 60 on a litre of petrol, and if that is reduced, the CPC’s losses can be minimized and petrol price can be reduced too.