Bhubaneswar: Fuel price hike in the country is due to international factors and it has now become essential to bring petrol and diesel under the purview of GST, Union Petroleum and Natural Gas Minister Dharmendra Pradhan said Friday.
Need to bring petrol, diesel under GST: Pradhan
Asked about the Centre's steps to reduce oil prices, Pradhan said "One cannot effectively address the situation just by cutting down the rate of excise duty. "The political situation in countries like Iran, Venezuela and Turkey has impacted the production of crude oil," Pradhan said adding that the Organisation of Petroleum Exporting Countries (OPEC) has also not been able to increase the production of crude oil despite their promise.
Pradhan said India is constantly in discussion with the US, which has been impacting the crude oil production. "Yesterday, during the 2+2 discussion, External Affairs Minister Sushma Swaraj had raised the issue of oil price. This apart from the devaluation of rupee has also impacted the price hike of oil," he said.