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Consider model similar to India’s recent fuel tax adjustment: Namal tells government
Colombo, March 29 (Daily Mirror) - Sri Lanka Podujana Peramuna (SLPP) MP Namal Rajapaksa called upon the government to consider a model similar to India’s recent fuel tax adjustment.
He said in a post on X that India reduced the excise duty not to immediately lower prices but to stabilise the market and prevent further increases during global oil price shocks.
He said, as Sri Lanka moves forward, the government must also strengthen its own economic policies.
"While fiscal discipline is important, reducing excessive tax burdens, as seen in India’s more growth-oriented approach, could help stimulate investment, ease pressure on citizens, and support long-term recovery," he said.
Rajapaksa also said Prime Minister Narendra Modi and the people of India once again uphold the 'Neighbourhood First' policy through the timely shipment of 38,000 tonnes of petroleum to Sri Lanka.
"India has consistently stood as Sri Lanka’s first responder in times of crisis, from critical supplies to economic assistance, which is a true reflection of its Neighbourhood First policy. As a region, it is key that countries work together as strategic partners for the betterment of the region," he added.
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