No proposal to bring Petrol, Diesel under GST yet: Centre informs Lok Sabha
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.
Also Read | Confirmed! Navjot Singh Sidhu appointed Punjab Congress President
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.
Also Read | Farmers’ Protest: BKU leader Rakesh Tikait warns of ‘war’ over farm laws
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.
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
