Zeebiz.com
Mumbai, June 16: In order to give relief to customers reeling under high prices of petrol, Finance Minister Pranab Mukherjee today said Centre is willing to temporarily cut duties if the states agree to take similar steps.
''... I have suggested to them (states chief ministers) that if you agree to reduce the tax burden temporarily say till crude prices come to USD 90 per barrel, Union government is ready to reduce duties,'' he said at an Assocham conference on financial sector here.
Mukherjee further said central and state taxes account for 50 per cent of the price which retailers pay.