Chennai: Leader of Opposition and DMK president M K Stalin, AMMK founder TTV Dhinakaran and other opposition leaders have slammed the Tamilnadu government for increasing the price of petrol and diesel.
Tamilnadu government on Sunday revised Value Added Tax (VAT) on petrol and diesel to generate additional revenue for the state, that is reeling under Covid-19 crisis.
Following this, the prices of petrol and diesel in the State have gone up by Rs 3.25 and Rs 2.50 per litre, respectively. The hike is a sequel to changes made by the State government in the tax structure for petroleum products.
The structure of State-level Value Added Tax (VAT) for the petroleum products has been changed from a pure ad valorem tax rate to a combination of quantum and the absolute figure of the tax rates.
In April, the Nagaland government also had imposed Covid-19 cess on diesel and petrol to meet the financial exigencies arising out of the novel coronavirus pandemic. It is to be noted that Nagaland government imposed a Rs 5 per litre cess on diesel and Rs 6 per litre on petrol and other motor spirits.