Petrol & Diesel under GST?

     Written by : SMTV24x7 | Tue, May 29, 2018, 01:27 PM

Petrol & Diesel under GST?

Hyderabad, May 29: Petrol and diesel prices were today hiked for the 16th day in a row, taking the cumulative increase this month to the highest in at least five years. A government official ruled out any reduction in the petrol, diesel rates even as crude prices have softened.

Petrol price has been hiked by Rs 3.64 a liter and diesel by Rs 3.24 in Delhi since state-owned oil firms ended a 19-day pre-Karnataka poll hiatus to resume daily price revision on May 14

"For a long-term solution, Government of India is planning for a holistic strategy... bringing petroleum products within the ambit of GST is one among them," Oil Minister Dharmendra Pradhan said on Monday. "We are sensitive let's see how things are unfolding".

Maharashtra Chief Minister Devendra Fadnavis pitched for bringing petrol and diesel under the purview of GST, saying it would ensure reduction of rates.

"A task force is already working on reducing the fuel prices. If it (petrol and diesel) can be brought under GST, rates will come down," he said.