State FMs likely to slash fuel sales tax
CONSUMERS may expect some more relief from high fuel prices soon. The empowered group of state finance ministers is likely to discuss a proposal of the Centre to reduce sales tax on petrol, diesel, cooking gas (LPG) and jet fuel on Monday. States may consider shielding consumers from the recent fuel price hike in the light of rising inflation. It is suggested that states should set a maximum sales tax limit on fuels that could be between 15-20%, a highly-placed source said.