Finance minister Nirmala Sitharaman said it was a "dharam sankat" when a student asked her about high petrol and diesel prices.
Category
🗞
NewsTranscript
00:00When is the government planning to reduce the cesses on fuel because I mean I go to the petrol pump and if I see
00:06triple digits for single liter
00:08really sad
00:10It's a Dharam Sankat
00:15Are my answers long? Are you getting fed up? Not really.
00:19I tend to talk with a longer explanatory answer. So if you want a short one, tell me
00:24I'll probably quickly give a bite and finish it
00:27We like the long answers
00:30He's too polite for conducting a program like this.
00:40So actually, okay, I was just gonna deliver a punch so I was just I
00:44Wanted to address the Dharam Sankat in the room because you have sort of alluded to this problem
00:50So when is the government planning to reduce the cesses on fuel because I mean I go to the petrol pump and if I see
00:57triple digits for single liter
00:59really sad
01:04I was too quick to say no that this guy lacks the punch
01:12I won't be able to say when
01:19It's a Dharam Sankat
01:22I
01:24Mean even when abroad I mean like the fuel prices are going down. This is like a nice way of
01:30generating revenue so will that
01:32Stance change because now of course oil futures are going up prices will go up
01:37So now this is still fine
01:40But like earlier when during the covid pandemic prices were down fuel prices in India are still high
01:46So this stance that you can make the fuel
01:49Cess to generate government revenue will that change anytime? Hey, it's not just the cess
01:56You have an excise duty of the center
02:00Then you have a vat of the states which are percentage driven
02:06We can bicker about who earns more
02:11Even if you want to say and you are right if you say the center earns more
02:17Everything that the center earns
02:2040% of it goes to the states. So what I'm left with is only that portion. Although the total amount is what you're saying
02:31So there's just no
02:35Hiding the fact that there is revenue day
02:40There's just no hating the fact
02:42and
02:44It's not just me you ask any state
02:51There's revenue there
02:54Just like may not apply to Gujarat just like
03:02You know, there's revenue way
03:05And in that States Center has nothing
03:09So there is a revenue there is a revenue consideration
03:13Both for the center and the states and that is why I strongly believe
03:19It's no longer competitive
03:22If the end consumers should be less
03:28And the burden should be less on them and I agree there on that point and
03:33I concede it also from the point of view of the pet point of you know
03:38More the fuel cost more the inflation you have many arguments
03:42but
03:45It's no longer competitive for anyone to say a center you reduce first then the states will come on board
03:52They may or may not
03:54if eventually we want the consumers not to be
03:58Bearing on so much of a burden on the score
04:02It is both the center and the states which will have to talk. I am sure immediately
04:08Our man is going to tell me so when are they going to talk? When are you cutting down?
04:13Yes, I
04:15concede
04:16That's where action has to be and let's see what we can do