Kerala Finance Minister Thomas Isaac said that the state tax on oil will not be reduced. While speaking on the skyrocketing price hike of oil, the minister maintained that it was not up to the state to reduce the tax on oil. Commenting on the topic, he maintained that it is the center, which has to reduce the tax, when Crude oil price gets increased.
The nation has been witnessing oil price hike for the past 14 days. With today’s hike in prices, the price of Petrol has almost touched Rs. 80. It is also uncertain that whether in the coming days, the hike in oil prices in India gets a lockdown, as center keeps silence on this regards.
