Fuel pump owners in the country have demanded 'one nation one rate' for petroleum products in order to eliminate disparity in prevailing prices of petrol and diesel.
"We are demanding 'one nation one rate' for fuel so that there should be no disparity in prices of petrol and diesel in the states. This step will help in controlling prices of this essential commodity," All India Petroleum Dealers Association President Ajay Bansal said recently.
He added that because of different VAT rates prevailing in states, there was a disparity in fuel prices, which vary between 60 paise and Rs 4 per litre in case of diesel and Rs 1 to Rs 7.50 per litre for petrol. Bansal said maximum tax on petrol is levied by Tamil Nadu state, which is about 35 per cent while Goa imposes lowest rate of tax on the commodity.
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