Petrol Diesel Price Center Govt Says No Plans To Bring Equivalent Price For Fuel No GST For Fuel Either

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

New Delhi:

The Central Government on Monday said that no plan is under consideration to keep the prices of petrol and diesel uniform across the country and so far the GST Council has made no recommendation to include oil and gas in the GST (Goods and Services Tax). Haven’t.

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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, the Minister of State for Petroleum and Natural Gas, Rameshwar Teli, in a written reply to a question in the Lok Sabha, informed that the excise duty collection on petrol and diesel increased to Rs 3.35 lakh crore in the financial year 2020-21 from Rs 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 NewsBust India team. It has been published directly from Syndicate feed.)

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