Oil Ministry Aims Bringing Petrol, Diesel Under GST | SupportBiz


Oil Ministry Aims Bringing Petrol, Diesel Under GST

Tags: Petroleum, GST

Union Oil Minister Dharmendra Pradhan today said his Ministry is trying to bring petrol and diesel under the purview of the Goods and Services Tax (GST).

"We are trying that petrol, diesel and kerosene should also come under the ambit of GST. We are hopeful that the GST Council will agree to it shortly," the Petroleum and Natural Gas Minister told reporters in Ujjain as reported by PTI. Responding to a query, the minister said the spike in petrol rates in the international market has impacted the cost of the fuel in India.

"Besides, the state governments too levy cess on petrol," he said. The Congress had demanded that petroleum projects be brought under the GST ambit.

In Indore, Pradhan rode a bicycle at "Saksham Cyclothon" to send the message of save fuel and environment. The Petroleum Conservation Research Association (PCRA) and the Indore Cycling Association (ICA) claimed that nearly 30,000 cyclists participated in the event.

On the occasion, Pradhan said cycling promotes healthy life and helps in conservation of energy. "Prime Minister Narendra Modi has appealed to the countrymen to save energy," he said.

Pradhan said PCRA and ICA would shortly sign a memorandum of understanding (MoU) for the promotion of cycling throughout the year in the city. BJP general secretary and Cycling Federation of India (CFI) chairman Kailash Vijaywargiya and others also rode bicycles at the event.

Under the aegis of the Cyclothon, people from various walks of life took part in different distant categories--ranging from 13 kms to 94 kms. It has to be remembered that Manpreet Singh Badal, Finance Minister of Punjab, said bringing petroleum within the GST net would help exporters, too. He said there are multiple taxes on petroleum. “This is probably the most taxed product,” he said, adding that if the Centre wants to follow a ‘one nation, one tax’ principle, then petroleum should not be kept out of the GST’s purview.

“Petrol and diesel prices are skyrocketing. The Modi government is profiteering at the expense of the common man. To provide relief to consumers, petroleum prices should be brought under GST,” Badal said.

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