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Last Updated Last Updated : February 22, 2021 / 09:30 AM IST | Source: Moneycontrol.com

A Modern Monetary Theory view of the high taxes on petroleum products 

Except for environmental benefits of disincentivising the consumption of fossil fuels, the imposition of a petroleum product tax is not only regressive in its impact but also seems to be defeating the essential fiscal purpose of taxation i.e. controlling inflation 

Sashi Sivramkrishna

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