Crude oil prices have softened in the international market. Meanwhile, petrol and diesel prices have seen slight reductions. On Tuesday, petrol and diesel prices were reduced by 5 paise per liter in the four major metros of the country – Delhi, Kolkata, Mumbai, Chennai. Earlier, there was no change in the price of petrol and diesel for two days.
New Rates
According to the website of Indian Oil, petrol prices in Delhi, Kolkata, Mumbai and Chennai have come down to Rs 73.27, Rs 75.92, Rs 78.88 and Rs 76.09 respectively. Diesel prices in the four metros have also come down to Rs 66.41, Rs 68.77, Rs 69.61 and Rs 70.15 per liter respectively. Let us know that there is a softening trend in the price of crude oil in the international market amid fears of getting stuck in the middle of a partial trade agreement between the US and China.
Will petrol and diesel come under the purview of GST?
Meanwhile, the discussion of petrol and diesel coming under the purview of GST has once again started. In fact, recently Union Minister of Petroleum, Natural Gas and Steel Dharmendra Pradhan appealed to Finance Minister Nirmala Sitharaman to bring petroleum products under the purview of GST.
He said, "The GST system was introduced as a historic tax reform two years ago under the decisive leadership of the Prime Minister Narendra Modi, but given the complexity of the petroleum sector and the revenue dependence of the state governments in this area, petroleum products are being converted into GST. Has been kept out of the purview. Now there is a continuous demand from the petroleum industry to bring it under the purview of GST. " After this statement of Dharmendra Pradhan, the expectation of petrol and diesel coming in the GST slab has increased.
