New Delhi. Reserve Bank Governor Shaktikanta Das said that a coordinated effort needs to be made between the central and state governments to bring down the prices of petrol diesel. Das, while addressing a conference, said that the Center and States should take joint steps in the matter of taxes on petrol and diesel to reduce their prices.
Revenue pressure on both
He said that coordinated action is needed between the Center and the states as taxes are levied by both. He, however, said that there is revenue pressure on both the Center and the states. They have to spend more money to get the country and the people out of the pressure created by the Kovid-19 epidemic.
Influence on inflation
The RBI governor said that in such a situation, the need for revenue and the compulsion of governments are fully understood. But at the same time, it also needs to be understood that it also has an impact on inflation. Higher prices of petrol and diesel have an impact on the cost of manufacturing production. He said that the Reserve Bank is doing a lot of work internally on the digital currency and the progress document will be released soon with a comprehensive guideline.
No change for the third consecutive day
According to the Indian Oil website, petrol price in Delhi, Kolkata, Mumbai and Chennai remained unchanged for the third consecutive day on Friday at Rs 90.93, Rs 91.12, Rs 97.34 and Rs 92.90 per liter respectively. At the same time, the price of diesel is stable at Rs 81.32, Rs 84.20, Rs 88.44 and Rs 86.31 per liter in Delhi, Kolkata, Mumbai and Chennai respectively.