Petrol prices have started falling, will continue to fall, Oil Minister Dharmendra Pradhan says
Indians can soon expect relief in terms of lower petrol and diesel prices, Oil Minister Dharmendra Pradhan said. Fuel prices have started coming down and will continue to fall, Pradhan claimed.
In Short
- Petrol prices have fallen in the last two days: Dharmendra Pradhan
- Prices will continue to fall: Pradhan
- Government wants to bring petrol, diesel under GST: Pradhan
Petrol prices in India have started falling, Oil Minister Dharmendra Pradhan said, claiming that the fall would continue and would soon bring relief to citizens.
"Petrol prices have fallen by a few paise in the last two days... the prices will fall further," Pradhan said while in Gujarat, where he attended an event related to the Skill and Development Ministry, which he handles in addition to oil.
Pradhan said that the recent hurricanes in the United States had affected the prices of petrol and diesel in India. The prices are now stable and will fall, Pradhan said.
According to records maintained by the Petroleum Planning & Analysis Cell, operated by the Oil Ministry, prices have fall by 10 paisa between September 21-September 23 (today).
States have their policies&revenue structure. Need to strike balance so that revenue is collected but doesn't burden ppl: Dharmendra Pradhan pic.twitter.com/gPJJEG7cQE- ANI (@ANI) September 23, 2017
On September 21, prices were at the highest since daily revision of rates was introduced across India. Prices today in Delhi, Mumbai, Chennai and Kolkata are Rs 70.42, Rs 79.53, Rs 73 and Rs 73.16, respectively, all 10 paisa less than what the prices were on September 21.
PETROL, DIESEL UNDER GST?
Addressing the contentious issue of bringing petrol and diesel under GST, Pradhan said that the government is in favour of that move and that the GST council has been asked to consider bringing petroleum products under the Goods and Services Tax regime.
Pradhan said that a balanced model that ensures that the government gets revenue and that citizens aren't burdened is the need of the hour. The GST Council is working on building this model, Pradhan said.
A previous analysis done by India Today had found that bringing petrol and diesel under GST would substantially bring down fuel prices in most states.
(With inputs from Gopi Maniar in Ahmedabad)
WATCH | Time to bring fuel prices under GST: Oil Minister Dharmendra Pradhan to India Today