High fuel prices a burden, Centre-states must talk: FM Nirmala Sitharaman

Both the Centre and the states draw revenues by taxing fuel, and 41 per cent of the tax collected by the Centre goes to the states, Sitharaman said

Finance Minister (FM) Nirmala Sitharaman on Friday admitted that there is enough case for reducing fuel prices as it’s a burden on consumers, adding both the Centre and the states should talk and address it.

The price of petrol has shot above the Rs 100 mark in some states and is at all-time high in most. The government had hiked excise duty on petrol and diesel last year to realise gains arising from international oil prices plunging to a two-decade low.

Addressing journalists at Indian Women’s Press Corps, the FM said the pricing is dharma sankat.

Both the Centre and the states draw