Attributing the recent
rise in fuel prices to a hurricane in
the US, Union minister Dharmendra
Pradhan said the rates will come down in the next few days.
"Fuel prices have gone up recently due to the hurricane in the US. As the
prices reduce in the international market, they will come down here also,"
the Petroleum and Natural Gas Minister told reporters in Gandhinagar.
The rates have already started to come down in the last three days," he
said, adding that the petrol and diesel prices had been linked to the market
since the last 20 years.
When asked over the possibility of reduction in taxes on petroleum products to
curb the fuel prices, Pradhan said taxes can't be slashed as funds are
necessary for infrastructure development and welfare schemes.
"Don't you need good roads? Don't you need pure drinking water? Don't you
need good education for your children? Dono haath main laddu nahi ho sakte (You
cannot have laddus in both your hands)," Pradhan said.
"In democracy, it is from the taxes of the people that welfare schemes are
funded. This is not any hidden system. Everybody knows that most part of the
revenue earned through taxes is spent on the welfare schemes," he added.
Pradhan also expressed hope that petroleum products will soon be brought under
the ambit of GST.
"We have brought GST with consensus of all states. I am hopeful that
petroleum products will also come under GST soon," he said.