Narendra Modi took the formula for reducing petrol and diesel.
Petrol and diesel prices have reached record high. Oil companies are not ready to cut prices. Prices of petrol and diesel have increased by Rs 2.50 per liter since last 11 days. Demand for excise duty reduction and demand for tax deduction is being demanded. At the same time, some people are asking for prices to bring it under GST. Even the former Finance Minister P Chidambaram has also given the government the authority to reduce the cost of petrol. The Modi government is facing criticism all over the growing burden of public pockets of the common man. In such a case, the opposition is also asking PM Modi to answer it. Congress President Rahul Gandhi has challenged the PM. But, now the government has found its break.
What’s New Price Reduction Formula
The central government is looking for long-term solutions of rising prices of petrol and diesel. In this way PM Modi has now taken its break. The government is now preparing to lash on the arbitrary attitude of oil companies. In fact, the government is preparing to set up windfall tax on ONGC, the oil producer company. With this, it is possible to cut the cost of petrol and diesel up to two rupees.
ONGC will look at tax!
After the meeting of the Union Cabinet under the chairmanship of Prime Minister Narendra Modi, the Government was told that it is working on its Long Term Solutions. Sources familiar with the meeting said that the price of crude oil can be limited to $ 70 a barrel for Indian oil producing companies. He said that if this scheme is implemented, then oil producers, who can take out oil from Indian Oil Field and sell it at international rates, sell petrol at a rate of $ 70 a barrel, then they will get some part of the income to the government. have to give.
Report of Amit Singh Negi for Idea for News from Delhi/Dehradun/
