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"Petrol, Diesel Should Be Brought Under GST": Nitin Gadkari On Fuel Price Hike

May 25, 2018

Nitin Gadkari advocates bringing fuel under GST

With petrol and diesel rates skyrocketing on a daily basis, Road Transport and Highways Minister Nitin Gadkari on Friday advocated bringing fuel under the GST to curb the price hike.

“Petrol and diesel should have been brought under the Goods and Services Tax. I asked officials during a presentation if we bring fuel prices under GST will it benefit the states or not.

“They said ‘yes’, they will benefit,” Gadkari said at a news conclave here on the four years of Prime Minister Narendra Modi’s government. Click to read more

“Petrol, Diesel Should Be Brought Under GST”: Nitin Gadkari On Fuel Price Hike

With petrol and diesel rates skyrocketing on a daily basis, Road Transport and Highways Minister Nitin Gadkari on Friday advocated bringing fuel under the GST to curb the price hike.

“Petrol and diesel should have been brought under the Goods and Services Tax. I asked officials during a presentation if we bring fuel prices under GST will it benefit the states or not.

“They said ‘yes’, they will benefit,” Mr Gadkari said at a news conclave in Delhi on the four years of Prime Minister Narendra Modi’s government. Click to read more

Here’s why fuel should be brought under GST: Price per litre will drop by Rs 22 in Delhi, Rs 32 in Mumbai

Union Minister and senior BJP leader Nitin Gadkari is known for his pragmatism as much as much as he is loved for his project execution skills. That is why jaws dropped collectively when he made a case for not reducing taxes on petroleum products on the specious ground that it would ground several of the welfare and infrastructure projects of the government. But his colleague, the one who is closer to ground zero, Union Oil Minister Dharmendra Pradhan has not been mincing words. He has been an ardent votary of petroleum products being brought under the Goods and Services Tax (GST) which in his perception would bring down the oil prices to half. Click to read more

Bringing auto fuel under GST could bring down prices by as much as Rs 29

Bringing petrol and diesel under the ambit of the Goods and Services Tax (GST) could reduce the prices of the two petroleum products by around Rs 29 in Mumbai, experts suggest, according to a report by The Times of India.

The report cites experts and dealers as saying that if fuel is brought under the GST regime, at a rate of even 40 percent, the price of petrol will go down by Rs 29 while diesel could go down by Rs 14. Moneycontrol could not independently verify the report. Click to read more

Consumers want tax cuts or GST, says online survey

While the government is yet to find a solution to skyrocketing prices of petrol and diesel, consumers are of the view that either the taxes levied should be cut or the fuels should be brought under GST.

An online survey has disclosed the public mood as 67 per cent consumers say they want the government to consider cutting excise duty by 20 per cent or more. About 81 per cent prefer petrol and diesel being brought under GST.

India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for about 40-50 per cent of the retail prices. Click to read more

Mumbaikars root for GST to get petrol for Rs 29 less

Will Modi live up to Rahul’s #FuelChallenge? This was the question foremost on the minds of the public, especially in Mumbai, after the Congress president’s tweet daring the Prime Minister to reduce the prices of petrol and diesel went viral on Thursday.

Experts say it should not be difficult for the government if it follows consumer pricing logic. Sample this: Four years ago, international crude prices were at the $100 per barrel mark, whereas now they are around $80 per barrel. Click to read more

High prices reignite demand for aviation turbine fuel under GST

With the rising price of aviation turbine fuel (ATF), airlines are asking that it be put under the goods and services tax (GST). In a presentation to aviation ministry officials, which included the minister of state Jayant Sinha, they argued that doing so would actually mean more revenue for the government.

The broad contention is if jet fuel comes under the GST and the rate of taxation on passenger tickets is raised to 12 per cent, the government’s annual revenue will be Rs 103.53 billion, around 7 per cent higher than the latest figure of Rs 97.13 billion. Click to read more

Fuel prices in GST? Oil Minister has been ‘hoping, requesting, appealing’ for months

Soaring petrol and diesel prices may be causing a massive financial burden on people at large but there appears no respite in sight. And while the government is under fire for not bringing fuel prices under GST, Oil Minister Dharmendra Pradhan has repeatedly attempted to douse the proverbial flames with statements which include words like hoping, requesting, appealing and trying.It has come to a nought.

It is mostly agreed that bringing fuel prices under GST would help significantly reduce taxes imposed on petrol and diesel – a key component behind the currently record-high prices. Pradhan has repeatedly said he has taken the matter up with the GST Council, each time expressing confidence. So far, his confidence has been rather ill-founded. Click to read more

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