Kerala citizens to pay for their metro

For the next 10 years, the people in Kerala will be paying for the metro and monorail projects in the State.

The State government laid a surcharge on petrol and diesel sold in the State to fund the projects. This additional tax will be in force for the next decade.

The five per cent surcharge will push up petrol price by Rs.3.50 a litre and diesel will be dearer by Rs.2.50. However, cooking gas has been spared.

The government has announced the new surcharge in the order issued by PWD principal secretary R Krishna Kumar giving administrative sanction to the Kozhikode monorail projects.

The order issued on Friday says that a surcharge of five per cent will be charged on petrol and diesel sold in the State over the next ten years to part finance the proposed metro (Kochi) rail and monorail (Kozhikode) projects. The detailed order to be issued in a week will make it clear when the new surcharge would come into effect.

In the state, petrol and diesel sales fetch Rs 5,000 crore annually and go by this figure, the five per cent surcharge will bring in an addition revenue of Rs 250 crore to the state exchequer.

The surcharge is not likely to be popular with the people who are already up in arm against the high fuel cost and its frequent hikes. Kerala is the worst affected by petrol and diesel price rise because of its twin disadvantage of being a consumer state and located in the southern most part of the country.

 

 


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