Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
DMK-led Opposition appeals for tax cut on petrol, diesel; Panneerselvam says Tamil Nadu levies lower cess than Andhra, Telangana
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit

DMK-led Opposition appeals for tax cut on petrol, diesel; Panneerselvam says Tamil Nadu levies lower cess than Andhra, Telangana

Press Trust of India • June 6, 2018, 17:00:36 IST
Whatsapp Facebook Twitter

O Panneerselvam said that the tax rates on petrol and diesel in Tamil Nadu was lower than that of other the neighbouring states in response to the opposition’s demand for tax cuts.

Advertisement
Subscribe Join Us
Choose
Firstpost on Google
Choose
Firstpost on Google
DMK-led Opposition appeals for tax cut on petrol, diesel; Panneerselvam says Tamil Nadu levies lower cess than Andhra, Telangana

Chennai: DMK-led opposition parties in Tamil Nadu on Wednesday asked the state government to effect a tax cut on petrol and diesel like Kerala against the backdrop of increasing crude rates, but the latter virtually ruled it out. Deputy Chief Minister O Panneerselvam said the “situation” in Tamil Nadu in this regard was not similar to that of Kerala. He, however, assured them that the matter would be discussed with Chief Minister K Palaniswamy and a decision taken “according to the situation.” Panneerselvam’s response in the state assembly came after the opposition moved a call attention urging that the state emulate Kerala in providing some relief to the common man in the backdrop of daily revision of petrol and diesel prices. Kerala had revised VAT on petrol from the earlier 31.8 percent to 30.11 percent from 1 June while for diesel, it came down from 24.5 percent to 22.77 percent, he said. Besides, another cess was levied above this, he said. Whereas in Tamil Nadu, VAT on petrol and diesel was 34 percent and 25 percent respectively, and there was no additional cess like in Kerala, he added. After the tax revision, price of one litre of petrol in Kerala as of 5 June stood at Rs 81.01 while diesel cost Rs 73.76, he said. “At the same time, retail price of one litre of petrol in Chennai is Rs 80.84 while that of diesel Rs 72.76,” he said, adding, the products cost lesser in the city than Kerala. Further, neighbouring Andhra Pradesh and Telangana levied more VAT on petrol and diesel as compared to Tamil Nadu, Panneerselvam said. [caption id=“attachment_4355929” align=“alignleft” width=“380”]File image of O Panneerselvam. PTI File image of O Panneerselvam. PTI[/caption] “With the global crude rates on the upswing, Indian Oil Marketing Companies (OMCs) often revise the prices accordingly. Presently, since this (crude) rate is on the higher side, prices (of petrol and diesel) are on the increase,” he said. The Deputy Chief Minister said whenever global crude prices would dip, it would have a corresponding effect on the price of petrol and diesel in the country. “Therefore, revising VAT as per these fluctuations is not possible. After the roll-out of GST, only the taxes on petroleum products and liquor are under state government control,” he said. Panneerselvam, who holds the Finance portfolio, said the state yet to receive GST compensation of Rs 1120 crore for the year 2017-18. He said the Centre was yet to release its share of inter-state funds from GST for that year. Tamil Nadu has received lesser allocation from the devolution to states from the Union Finance Commission while the fund allocation made to it during the Fourteenth Finance Commission period has been “reduced,” he said. Against this backdrop, the state’s revenue deficit must also be accounted for as it stood at Rs 18,370 crore in 2017-18 while it was estimated to be Rs 19,374 crore this year, he said. “Expenses towards the state’s administration as well as implementation of projects could be met only from the government’s tax revenue and this changes from state to state,” he said. “Therefore, the situation of Kerala is different from that of our state. We have to carefully analyse if we can effect a tax cut like Kerala. I wish to state that the matter will be discussed with the Chief Minister (Palaniswami) and a decision will be taken according to the situation,” he said. Earlier, Leader of Opposition and DMK working president MK Stalin said ‘skyrocketing’ prices of petrol and diesel was “severely” affecting the common man and wanted the state government to effect a tax cut.

Tags
DMK Kerala NewsTracker Petrol Chennai Diesel GST Chief Minister O Panneerselvam E Palaniswamy Chief Minister E Palaniswamy
  • Home
  • Politics
  • DMK-led Opposition appeals for tax cut on petrol, diesel; Panneerselvam says Tamil Nadu levies lower cess than Andhra, Telangana
End of Article
Latest News
Find us on YouTube
Subscribe
  • Home
  • Politics
  • DMK-led Opposition appeals for tax cut on petrol, diesel; Panneerselvam says Tamil Nadu levies lower cess than Andhra, Telangana
End of Article

Top Stories

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Enjoying the news?

Get the latest stories delivered straight to your inbox.

Subscribe
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV