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THIRUVANANTHAPURAM: The Chamber of Commerce, Thiruvananthapuram, has demanded that the Kerala Government must scrap sales tax on petroleum products to set off the price hike announced by the Centre.

Expressing its strong resentment against the hike in petrol, diesel and gas prices, Mr S. Pottivelu, President of the Chamber, said the trade and industry, not to mention life of the common man, would be badly affected by the rise in petroleum product prices. This would surely trigger a price spiral in the consumer market, toppling the family budget of the average Indian.

Being a wholly consumerist society, Kerala would bear the brunt of the price hike. On a different place, the State Government had traditionally been levying sale tax on petroleum products at almost double the levels imposed by other States.

The Chamber demanded that the State Government lift the sales tax in its entirety in order to reduce the impact of the price hike to the extent possible.

More Stories on : Petroleum | Taxation | Kerala

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