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BP 247
<B>Taxes too high on petroleum products</B>
Tax on light petrol is 33%, i.e. Rs 80 out of the Rs 250 actually paid for one gallon of fuel. We understand that taxes have always been raised on petroleum products to support other social measures and justified infrastructure development Government need to put in place. But the quantum of the tax itself is a heavy burden on all stakeholders. At a time when inflation is so high it makes economic sense to reduce the tax revenue on petroleum products in order to relieve inflationary pressures. This would allow invidivual, industrial and commecial sectors to share a fairer taxation burden.
Such a request is perfectly reasonable and valid. The actual taxation system on petroleum products is unfair and unjust. It goes on depleting those with some meansto pay. It goes impoverishing further those who are already hard-pressed by the inability to go on buying a normal living from the market place. Such a system is callous and highly inhuman. Support to any welfare program is best addressed by allowing capacity for those who make a living and those who are struggling to be allowed to buy whatever food and drink and clothes, and housing, electricity, water and telephone services from the market place with their own money. It does not consist of increasing the tax burden on the depleting revenue of the population and playing Father Christmas on budget day. This is government taking Rs 10 from any pocket and giving back Rs 2 to those who have been impoverished after a year and patting itself on its own back. ...
Therefore, the platform has two requests to submit:
a) That government reviews its taxation policy on petroleum products such as to decrease the tax burden actually imposed.
At this stage , we are requesting that there be a decrease of Rs 5/ on all petroleum products.
b) In addition we are also requesting that VAT should not be on percentage basis but rather on fixed amount as in the case with Excise duty.
Jayen CHELLUM</B>
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