Specific duty stabiliser for oil
Chaturvedi Panel Feels States Should Follow Centre's Example To Contain Petro Price Spiral STATES, which have earned a whopping Rs 65,000 crore as tax revenues from the oil sector in 2007-08 thanks to the high oil prices, may now have to relook at their tax structure. The high-level committee constituted by the prime minister to examine the fuel pricing in the country is of the view that the state governments should follow Centre's footsteps and adopt specific duty regime for petro products to remove the impact of spiral in prices.