No proposal to bring Petrol, Diesel under GST yet: Centre informs Lok Sabha

The inclusion of petroleum products in GST will require the recommendation of the GST Council, it added.

By Rajan Nath - July 19, 2021 2:07 pm

Petrol and Diesel Prices in India: Ahead of the Monsoon Session of the Parliament, the Central Government on Monday said that there has been no proposal to bring petrol and diesel under GST yet.

The inclusion of these products in GST will require the recommendation of the GST Council, it added. It stated that the prices of petroleum products in the country are benchmarked to international product prices.

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Generally, the price of petroleum products in the country are higher/lower than other countries due to variety of factors, including prevailing tax regime and subsidy compensation by the respective governments, the detail of which are not maintained by the government, it added.

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Petrol And Diesel Price Today July 15, 2021: Petrol, Diesel Prices Touch New Highs; Petrol Above Rs 102 In Chennai

Petrol and diesel prices in India are at record highs. They remained unchanged on Monday, July 19 across the metro cities for the second consecutive day.

In Delhi, petrol was being sold at Rs 101.84 per litre and diesel rates were unchanged at Rs 89.87 per litre. In Mumbai, the petrol prices were at 107.83 per litre and diesel was at Rs 97.45.

Petrol, diesel prices fall for fifth day in row

Meanwhile, the RJD leader Tejashwi Yadav said that there was inflation everywhere. Poor, middle-class people and farmers were distressed, he said.

An increase in fuel prices affects farmers, he said, adding that people are losing patience. "We decided to stage a protest on this issue in every district headquarter," he added.

-PTC News