Finance Minister Urges State Governments to Provide Relief to the Common Man; Writes to Chief Ministers to Reduce Levies on Diesel, Kerosene and Domestic LPG in Line with Duty Cuts undertaken by Central Government.

Finance Minister Urges State Governments to Provide Relief to the Common Man; Writes to Chief Ministers to Reduce Levies on Diesel, Kerosene and Domestic LPG in Line with Duty Cuts undertaken by Central Government. https://www.taxtmi.com/news?id=1945 The Finance Minister urged States to reduce state levies on diesel, kerosene and domestic LPG to align with central duty cuts to provide consumer relief; he noted that maintained retail price protection amid high international crude prices has led to large losses for State owned OMCs, and that without levy alignment the Central Government will have to allocate substantial subsidies to ensure OMC financial survival. en-us Mon, 27 Jun 2011 18:33:17 +0530 Mon, 27 Jun 2011 18:33:17 +0530 TaxTMI RSS Generator Finance Minister Urges State Governments to Provide Relief to the Common Man; Writes to Chief Ministers to Reduce Levies on Diesel, Kerosene and Domestic LPG in Line with Duty Cuts undertaken by Central Government. https://www.taxtmi.com/news?id=1945 The Finance Minister urged States to reduce state levies on diesel, kerosene and domestic LPG to align with central duty cuts to provide consumer relief; he noted that maintained retail price protection amid high international crude prices has led to large losses for State owned OMCs, and that without levy alignment the Central Government will have to allocate substantial subsidies to ensure OMC financial survival. News - Mon, 27 Jun 2011 18:33:17 +0530 https://www.taxtmi.com/news?id=1945