Petrol-Diesel Price: Minister of State for Petroleum and Natural Gas Rameshwar Teli said in the Lok Sabha that till now the GST Council has not recommended to include oil and gas under the purview of GST.
Petrol and diesel will not come under the purview of Goods and Services Tax (GST). The government told about this in the Lok Sabha on Monday. Rameshwar Teli, Minister of State for Petroleum and Natural Gas in the Lok Sabha said that till now the GST Council has not recommended the inclusion of oil and gas in the purview of GST. He gave this information in writing in response to the question asked by many MPs on this subject.
Members of Parliament had asked, is there a plan to bring petroleum products under the purview of GST to control the prices of diesel, petrol? In response to this, the minister said, at present there is no plan to bring these products under the purview of GST. So far, the GST Council has not recommended the inclusion of oil and gas in the purview of GST.
That’s why the price of petrol and diesel is touching the sky
The rate of petrol has crossed Rs 100 in 17 states of the country. The biggest reason for the rise in price is that the tax charged on it is very high. It was informed in the Lok Sabha today that in the financial year 2020-21, there has been a jump of 88 percent in the tax collected by the Central Government on petrol and diesel and the amount stood at 3.35 lakh crore.
Excise duty on petrol increased from Rs 19.98 to Rs 32.90. At the same time, the excise duty on diesel increased from Rs 15.83 to Rs 31.80. This information has been given by Petroleum State Minister Rameshwar Teli in writing in the Lok Sabha. In fact, after the arrival of Corona in 2020, there was a global lockdown, due to which there was a huge drop in demand and the price of crude oil reached the lowest level in many years. In such a situation, the government maintained the level of petrol and diesel by increasing the tax.
Petrol crosses 100 in these states
The price of petrol has crossed Rs 100 per liter in 17 states of the country. These states are Rajasthan, Madhya Pradesh, Maharashtra, Karnataka, Andhra Pradesh, Telangana, Ladakh, Jammu and Kashmir, Odisha, Tamil Nadu, Bihar, Kerala, Punjab, Sikkim, Puducherry, Delhi and West Bengal. Bhopal was the first capital of any state, where the price of petrol had crossed Rs 100.
Therefore, there has been a demand for bringing petrol and diesel under the purview of GST for a long time. With the implementation of GST, the tax rate will come down. This will also reduce their prices at petrol pumps.
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