Essential to bring petrol, diesel under GST : Pradhan

Last Updated: Sat, Sep 08, 2018 16:49 hrs
Oil Minister Dharmendra Pradhan

Dharmendra Pradhan, the Union minister for Petroleum and Natural Gas on Friday, said that it had become essential to bring fuel prices under GST. This, owing to a hike in crude international prices of crude.

The unusual surge in fuel price is due to the political and economic situations at the international level and the Centre has been vigilant about it, he was reported by news reports at the sidelines of a summit in the capital.

"It has now become essential to bring petrol and diesel under the purview of GST. As these two items are out of the GST, the nation has to bear a loss of about Rs 15,000 crore. If petrol and diesel are brought under the GST, it will be better for all including consumers," Pradhan was quoted as saying in a PTI report.

Asked about the Centre's steps to reduce oil prices, Pradhan said "One cannot effectively address the situation just by cutting down the rate of excise duty.

"The political situation in countries like Iran, Venezuela and Turkey has impacted the production of crude oil," Pradhan said adding that the Organisation of Petroleum Exporting Countries (OPEC) has also not been able to increase the production of crude oil despite their promise.

Pradhan said India is constantly in discussion with the US, which has been impacting the crude oil production.

"Yesterday, during the 2+2 discussion, External Affairs Minister Sushma Swaraj had raised the issue of oil price. This apart from the devaluation of rupee has also impacted the price hike of oil," he said.

Replying to another question, the union minister said the Odisha government has been getting a revenue of about Rs 7,000 crore from petroleum products by raising the tax rate on these products.

"The people will get relief if the state government reduces the tax on petrol and diesel," he said.

Image:
Union Minister for Petroleum and Natural Gas, Dharmendra Pradhan, in a file-photo.

With Agency Inputs

State Capitals (Applicable from 6:00 a.m. on 08-09-2018) Petrol Current Price(Per Lt) Petrol Previous Price(Per Lt) Change(Rs)
Petrol price in New DelhiRs.79.99 Rs.79.51 0.48
Petrol price in KolkataRs.82.88 Rs.82.41 0.47
Petrol price in MumbaiRs.87.39 Rs.86.91 0.48
Petrol price in ChennaiRs.83.13 Rs.82.62 0.51
Petrol price in GurgaonRs.80.60 Rs.80.01 0.59
Petrol price in NoidaRs.79.99 Rs.79.72 0.27
Petrol price in BangaloreRs.82.60 Rs.82.03 0.57
Petrol price in BhubaneswarRs.78.73 Rs.78.41 0.32
Petrol price in ChandigarhRs.77.02 Rs.76.56 0.46
Petrol price in HyderabadRs.84.81 Rs.84.30 0.51
Petrol price in JaipurRs.82.60 Rs.82.72 -0.12
Petrol price in LucknowRs.80.01 Rs.79.63 0.38
Petrol price in PatnaRs.86.38 Rs.85.78 0.60
Petrol price in TrivandrumRs.83.04 Rs.82.67 0.37
Petrol price in DelhiRs.79.99 Rs.79.51 0.48
Petrol price in KolkataRs.82.88 Rs.82.41 0.47
Petrol price in MumbaiRs.87.39 Rs.86.91 0.48
Petrol price in ChennaiRs.83.13 Rs.82.62 0.51
Petrol price in FaridabadRs.80.86 Rs.80.31 0.55
Petrol price in GurgaonRs.80.60 Rs.80.01 0.59
Petrol price in NoidaRs.79.99 Rs.79.72 0.27
Petrol price in GhaziabadRs.79.96 Rs.79.72 0.24
Petrol price in AgartalaRs.78.57 Rs.77.98 0.59
Petrol price in AizwalRs.75.69 Rs.75.39 0.30
Petrol price in AmbalaRs.80.22 Rs.79.76 0.46
Petrol price in BangaloreRs.82.60 Rs.82.03 0.57
Petrol price in BhopalRs.85.93 Rs.85.23 0.70
Petrol price in BhubhaneswarRs.78.73 Rs.78.41 0.32
Petrol price in ChandigarhRs.77.02 Rs.76.56 0.46
Petrol price in DehradunRs.80.65 Rs.80.27 0.38
Petrol price in GandhinagarRs.79.32 Rs.78.83 0.49
Petrol price in GangtokRs.83.15 Rs.82.70 0.45
Petrol price in GuwahatiRs.82.70 Rs.81.94 0.76
Petrol price in HyderabadRs.84.81 Rs.84.30 0.51
Petrol price in ImphalRs.78.06 Rs.77.56 0.50
Petrol price in ItanagarRs.75.76 Rs.75.00 0.76
Petrol price in JaipurRs.82.60 Rs.82.72 -0.12
Petrol price in JammuRs.81.69 Rs.81.41 0.28
Petrol price in JalandharRs.85.35 Rs.85.01 0.34
Petrol price in KohimaRs.78.49 Rs.78.02 0.47
Petrol price in LucknowRs.80.01 Rs.79.63 0.38
Petrol price in PanjimRs.73.80 Rs.73.25 0.55
Petrol price in PatnaRs.86.38 Rs.85.78 0.60
Petrol price in Port BlairRs.68.90 Rs.68.50 0.40
Petrol price in RaipurRs.80.38 Rs.79.91 0.47
Petrol price in RanchiRs.79.46 Rs.79.00 0.46
Petrol price in ShillongRs.79.36 Rs.79.15 0.21
Petrol price in ShimlaRs.80.38 Rs.80.53 -0.15
Petrol price in SrinagarRs.84.48 Rs.84.01 0.47
Petrol price in TrivandrumRs.83.04 Rs.82.67 0.37
Petrol price in SilvassaRs.77.95 Rs.77.49 0.46
Petrol price in DamanRs.77.83 Rs.77.40 0.43
Petrol price in PondicherryRs.78.74 Rs.78.33 0.41

Source for rates: Indian Oil Corporation

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