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Center not thinking of making petrol, diesel prices uniform, no update on GST yet

Center not thinking of making petrol, diesel prices uniform, no update on GST yet

Petrol-Diesel Price: There is no plan to make petrol-diesel prices uniform. (symbolic picture)

New Delhi:

The central government said on Monday that in the entire country petrol and diesel prices There is no plan under consideration to keep oil and gas uniform and till now the GST Council has not made any recommendation to include oil and gas in GST (Goods and Services Tax).

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This information was given by Petroleum and Natural Gas Minister Hardeep Singh Puri in a written reply to the question of Uday Pratap Singh and Rodmal Nagar in Lok Sabha. The members had asked whether the government was preparing any plan to keep the prices of petrol and diesel uniform across the country. On this, Union Minister Hardeep Singh Puri said, ‘No such scheme is under consideration before the government.’ He said that the prices of petrol and diesel vary in different markets due to factors like VAT (Value Added Tax), local realizations.

‘No GST on petrol and diesel yet’ – then the government said, why fuel is not being brought under the ambit of GST?

Government excise duty collection has increased

Last week, Minister of State for Petroleum and Natural Gas Rameshwar Teli informed in a written reply to a question in Lok Sabha that the collection of excise duty on petrol and diesel increased to Rs 3.35 lakh crore in the financial year 2020-21 from 1.78 lakh crore a year ago. crore was Rs. According to Rameshwar Teli, revenue of Rs 2.13 lakh crore was collected through excise duty on petrol and diesel in 2018-19.

Replying to another supplementary question on Monday, the Union Minister said that since 2010, the prices of petroleum products are fixed on the basis of international market prices. He said that Rs 32 is taken as Central Excise Duty and it is used to provide assistance to 80 crore people under Pradhan Mantri Garib Kalyan Yojana, free vaccination to people, providing minimum support price and Pradhan Mantri Kisan Samman Nidhi etc. is done in.

(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)

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