Bringing petrol, diesel under GST will lower prices, says Fadnavis

Devendra Fadnavis

Mumbai, May 24: Maharashtra Chief Minister Devendra Fadnavis on Thursday said that the fuel prices will come down once the central government builds a consensus to bring petrol and diesel under the Goods and Services Tax (GST) cap. 

“We have decreased our taxes already but now rates are going up due to rising crude oil prices in international market. So we are trying to make a consensus in GST Council on bringing petroleum under GST, that will decrease the price,” Fadnavis said while replying to rising petrol and diesel prices in the state.

Earlier on Tuesday, All India Petroleum Dealers Association president Ajay Bansal said that they can only control the rising fuel price by reducing VAT of state and central taxes.

Across the four metro cities, prices increased around 30 paise on Tuesday. In Delhi and Mumbai, the fuel was sold at Rs 76.87 and Rs 84.70 per litre, up from Rs Rs 76.57 and Rs 84.40 respectively on Monday.

While on Wednesday, a litre of petrol in Mumbai was retailing at Rs 84.99, while in Delhi at Rs 77.17.

Despite the constant price rise, no solution from the central government has been offered yet.

However, In the wake of petrol and diesel price hike, the Union Cabinet headed by Prime Minister Narendra Modi, Law and IT Minister Ravi Shankar Prasad held a meeting.

After a close deliberation, Prasad said the centre will take a long-term view to deal with frequent up and downs.

WeForNews 

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