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Will Petrol, Diesel Come Under GST? Union Minister's Big Statement

Will Petrol, Diesel Come Under GST? Union Minister's Big Statement

NDTV
Saturday, September 28, 2024 01:40:07 AM UTC

To enhance its energy security, India needs to focus on strategic petroleum reserves and prioritise exploration and production to reduce its heavy reliance on imported fuel.

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday called to build consensus over bringing petrol, diesel under the Goods and Services Tax.

While delivering a lecture on "Strategy and Measures for Enhancing India's Energy Security in the Coming Decade" at the Pune International Centre's (PIC) 14th Foundation Day lecture, he said, "I have heard a suggestion to bring petrol and diesel under GST, now petrol and diesel under GST is something that I have been advocating for a long period of time. Now I am very sure that my senior colleague, the finance minister, has also spoken about bringing fuel under GST on several occasions."

To enhance its energy security, India needs to focus on strategic petroleum reserves and prioritise exploration and production to reduce its heavy reliance on imported fuel.

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