2023-06-17 01:21:51
Thiruvananthapuram ∙ As the price of petrol and diesel was increased by Rs 2 per liter each to increase the revenue, there was a decline in fuel sales in the state. This reduction may be due to the fact that private vehicles have reduced their fuel consumption, switched to electric vehicles, and cargo vehicles have become accustomed to filling diesel from other states. Due to the decline in sales, the government has also lost a lot in terms of taxes.
The government has imposed a social security cess of Rs 2 each on petrol and diesel from April 1 last. With this, the price of petrol rose to Rs 109.42 (in Thiruvananthapuram) and diesel to Rs 98.24. In March, petrol was sold at 21.21 crore litres, while in April the sales fell to 19.73 crore litres. There was a shortfall of 1.48 crore litres. Diesel, on the other hand, sold 26.66 crore liters in March, but decreased to 20.28 crore in April. 6.38 crore liters less.
In April 2022, 19.98 crore liters of petrol and 23.78 crore liters of diesel were sold. The state government levies a tax of Rs 25 per liter on petrol and Rs 18 per liter on diesel. Due to lower sales, the difference in tax revenue between March and April is regarding Rs 150 crore.
As the number of vehicles in the state is increasing every month, the sale of fuel is increasing every month. Fuel consumption has reduced significantly only during covid. With the introduction of cess, refueling of inter-state goods vehicles has been stopped from other states. Even KSRTC gets fuel from other states.
English Summary: Decrease in petrol-diesel sale following imposing cess
1686968754
#Cess #retorted #Fuel #sales #fall #state #loss #govt
