If petrol and diesel are brought under GST, they’ll have to be taxed at more than 100%
The general impression among people seems to be that bringing petrol and diesel under GST will bring down their retail price. But is that possible? The central government currently earns an excise duty of ₹32.90 per litre of petrol sold and ₹31.80 per litre of diesel sold
As fuel prices have surged in the recent past, so has the talk around bringing petrol and diesel under the ambit of goods and services tax (GST).
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more