Common people can get relief from the inflation of petrol and diesel. A panel of ministers on Goods and Services Tax (GST) will consider taxing petroleum products under a single national rate. According to people familiar with the matter, this could be an important step for a potentially big change in consumer prices and government revenue.
A panel headed by Finance Minister Nirmala Sitharaman will consider the proposal in the 45th GST Council meeting to be held in Lucknow on Friday.
Any changes to the GST system would require approval from three-fourths of the panel, which would include representatives from all states and territories. Some of these have opposed the inclusion of fuel in the GST as they would hand over a major revenue-generating tool to the central government.
Petrol and diesel prices on the sky
Petrol-diesel prices across the country are stable for the ninth consecutive day on Tuesday, September 14, 2021. Despite this, petrol is being sold in the capital Delhi at the rate of 101.19 paise per liter. At the same time, diesel has become Rs 88.62 per liter. Petrol in Mumbai is Rs 107.26 per liter. At the same time, diesel is 96.19 paise per liter.
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