Well, the Telangana people now got an ultimate shock from KCR for the very first time. The Telangana government has taken a brave step to impose the tax in the state creating a hear attack situation to the people of Telangana.
The Telangana government has hiked the petrol and diesel prices up to Rs 2 per litre. This will make no difference even after the oil companies have reduced the price on Friday. However, the fall in the prices of fuel during the past few months is decreasing the revenue of the state.
So, the Telangana government had to take his tough step. The TS government now collects 31% VAT on petrol and 22.25 % on Diesel. However, the Centre also increased the excise duty and the turn is TS government’s to increase VAT.
However , this could effect the government and people may retaliate about it. So, what do you think? Is KCR making a wrong decision?