Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Friday stated that petroleum products should also be included underneath the GST mechanism. The minister was quoted by news agency ANI saying: “We must have a rational tax administration. Each the state and union governments have to come back to this consensus that petroleum products must come beneath the GST mechanism. Nonetheless, the minister refused to comment on the surging diesel and petroleum prices in the country.
The minister added, “You have to understand the changing situation. Everyday there is a pinch and relief. On account of pure calamities within the coastal areas of the United States, 13 p.c refining capacity has been lowered which impacts the worldwide market and which is now pinching. /p>
The minister also emphasised on the fact that oil firms needs to be given pricing freedom. Taking a dig at Congress party’s threat to stage a country-extensive protest in opposition to rise in excise duty of petrol and diesel, the minister mentioned that the celebration has looted the nation whereas it was in power, whereas BJP however are using the income to learn the customers. He also mentioned that the government’s budgetary allocation in past three years on rail, road, agriculture, irrigation, drinking water, education, well being care sectors has increased.
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