The Nashik District Petrol Dealers Welfare Association (NDPDWA) protests against the hike in prices of LBT on petrol and diesel. A two-day bandh is observed as a part of protest in seeking a reduction in LBT. Around some 70 petrol pumps in the jurisdiction of the Nashik Municipal Corporation (NMC) set to observe a two-day bandh from today. On daily basis around 2.40 lakh liters of petrol and 3 lakh liters of diesel are sold in the city.
The representative of NDPDWA will be meeting Municipal Commissioner Sanjay Khandare and urge him to reduce the LBT percentage on petrol and diesel. It has also announced its support to the protest called by traders associations across the city to protest against LBT.
Tehsin Khan, the director of NDPDWA said, “We are not against the LBT, but against the additional hikes in LBT rates on petrol and diesel as compared to that of octroi. Earlier 2% of octroi was charged on petrol and diesel but now the civic administration has imposed 3% after the new tax system came into effect in NMC’s jurisdiction. He also added that this demand was kept in front of Mr. Haribhau Phadol, deputy commissioner (LBT), but that meeting was in vain.
Mr.Khan explained that even one percent additional hike in LBT leads to rise in the fuel costs by Rs 1.20/liter and how it affects the consumers. He said “Our business is shifting out of the municipal corporation limits, since fuel is cheaper there by a margin of Rs 2. Consequently, city sales have dropped by 10-20%; ultimately this affects the NMC’s tax revenue”.