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Fuel prices: TN CM Stalin hits out at PM Modi over tax cuts, says people know the facts

Making a statement in the Tamil Nadu Assembly, Stalin said since 2014, whenever international crude rates dipped, the NDA government did not pass on the benefit to the customers but only pocketed the additional revenue earned from the differential.

April 28, 2022 / 01:11 PM IST
Tamil Nadu Chief Minister MK Stalin (Illustration: Moneycontrol)

Tamil Nadu Chief Minister MK Stalin (Illustration: Moneycontrol)

Hitting out at Prime Minister Narendra Modi over the issue of tax cuts on petroleum products, Tamil Nadu Chief Minister M K Stalin on Thursday said people were aware of the fact behind the issue and pointed out at his government effecting a Rs 3 a litre cut on petrol earlier.

Making a statement in the Tamil Nadu Assembly, Stalin said since 2014, whenever international crude rates dipped, the NDA government did not pass on the benefit to the customers but only pocketed the additional revenue earned from the differential.

Referring to a Tamil saying, he indicated that the PM was not revealing the facts. While the excise duty levied on petrol and diesel has to be shared with states, that has been reduced, thus affecting the states' revenue, he said.

"While the cess and surcharges are not meant to be shared with the state governments, these have been exorbitantly hiked, thus burdening people and the union government is enjoying the revenue earned from this," the CM added. He also accused the Centre of "pretending" to have reduced the fuel-related taxes due to "elections in some states," in an apparent reference to the polls held earlier this year in five states, including Uttar Pradesh, Punjab and Goa.