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Need Coordinated Action From Centre, States to Reduce Taxes on Fuel Prices: RBI Governor Shaktikanta Das said there is also an impact on inflation because petrol and diesel prices affect the cost of manufacturing and production. Shaktikanta Das. Photo: PTI Government25/Feb/2021 Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday said there is a need for coordinated action between the Centre and state governments to reduce taxes on petrol and diesel prices. There is a need for coordinated action between the Centre and states because there are inherent taxes levied by both, the governor said, adding that calibrated reduction of taxes was important.

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