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Pradhan for bringing petrol under GST
Asserting that the Union government is sensitive to the rising trend in fuel prices, Minister of Petroleum and Natural Gas Dharmendra Pradhan on Monday said that bringing petroleum products under the goods and services tax (GST) regime is one of the long-term solutions as part of the Centre’s holistic strategy to address the problem.
Bhubaneshwar: Asserting that the Union government is sensitive to the rising trend in fuel prices, Minister of Petroleum and Natural Gas Dharmendra Pradhan on Monday said that bringing petroleum products under the goods and services tax (GST) regime is one of the long-term solutions as part of the Centre’s holistic strategy to address the problem.
“I have already categorically stated this issue several times. The present oil price hike is due to three main factors — hike in international price of crude, fluctuation in dollar and Indian currency ratio and some of the tax issues are also there.
For long-term solutions, government of India is planning for a holistic strategy. Bringing petroleum products within the ambit of GST is one among them. We are sensitive, let’s see how things are unfolding,” Pradhan told reporters.
