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GST Council meeting: Petrol may cost Rs 75 per litre, diesel Rs 68 a litre, claims report

The petrol and diesel prices remained steady across the country for the tenth consecutive day on Wednesday.

By Rajan Nath -- September 15, 2021 3:09 pm -- Updated:Feb 15, 2021

GST Council Meeting: The Goods and Services Tax (GST) Council, which is scheduled to meet in Lucknow on Friday (September 17), is likely to discuss bringing petrol, diesel and other petroleum products under its ambit, a report said.

If the proposal to bring petrol, diesel and other petroleum products in GST is accepted, then the country can witness a drastic reduction in fuel prices.

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Fuel Prices On September 15: Petrol, Diesel Unchanged For 10th Day - Goodreturns

As per the report, this may bring petrol to Rs 75 per litre, and diesel to Rs 68 per litre.

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Petrol Diesel prices increased or decreased check todays latest rates - Business News India - Petrol Diesel Price Today: पेट्रोल-डीजल के दाम घटे या बढ़े, चेक करें आज के ताजे रेट्स

The matter will be brought before the GST council for discussion on September 17, as per the direction of the Kerala high court.

The court, in June, had issued directions to decide on including petrol and diesel under the ambit of GST.

Currently, petrol is being sold at Rs 101.19 per litre and diesel at Rs 88.62 in Delhi. In the national capital, the Centre's tax account for over 32 percent of petrol’s price, and state taxes (value-added tax or VAT) 23.07 percent.

Will petrol, diesel come under GST? Here's what the government said

On the other hand, the central tax for diesel is over 35 percent while state taxes are more than 14 percent.

Meanwhile, the petrol and diesel prices remained steady across the country for the tenth consecutive day on Wednesday.

-PTC News