Coimbatore: Welcoming the movement of the United States to cut the price of gasoline and diesel by reducing excise duties, industrial representatives have urged the state government to take steps to reduce further prices.
Fuel prices will offer assistance to consumers and spur economic growth, the local chapter president of the Indian Chamber of Commerce and Industry C Balasubramanian said.
“This will help farmers grow rabbi plants, relieve inflation and increase consumption.
Countries such as Gujarat, Assam, Tripura and Goa also promise the price of Cut and Karnataka announce the cuts of gasoline prices of Rs 12 and Diesel by RS 17, besides Uttar Pradesh, Has announced a tax deduction of Rs 7 per liter on gasoline and Rs 2 per liter on Diesel.
The Tamil Nadu government must also advance to reduce prices, “he said” most of the export unit operates with a generator during power outages, which adds to the cost of fuel.
The state must pay attention to the possibility of reducing the price of fuel further as it was done a few weeks ago.
Bangladesh remains competitive for Indian textiles in the international market and the increase in fuel prices has made it difficult to keep costs under control, “he said.
In addition to fuel costs, the center must also take steps to regulate uncertain properties of costs.
Raw materials, said President, Coimbatore District Small Industries Association MV Ramesh Babu.
TNN.