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
The unusual surge in fuel price is due to the political and economic situations at the international level and the Centre has been vigilant about it, he told newsmen here at the side-lines of a function. "It has now become essential to bring petrol and diesel under the purview of GST. As these two items are out of the GST, the nation has to bear a loss of about Rs 15,000 crore. If petrol and diesel are brought under the GST, it will be better for all including consumers," Pradhan said.
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.