Across The Aisle: Who is minding the store?
Public anger is building against high prices of petrol and diesel. Between 2014 and 2018, due to low prices of crude oil, government saved Rs 15 per litre in the cost of production of petrol and also increased the excise duty by Rs 10 per litre. Same with diesel. With a relentless rise in retail prices, government has no choice but to cut the excise duties which it is loath to do. The one-trick pony has no other trick up its saddle.
Written by P Chidambaram |