Union Minister Dharmendra Pradhan on Friday said that petroleum products should be brought in the ambit of Goods and Services Tax (GST).
Talking to media, Pradhan said, "We have to have a rational tax management. Both the state and union governments have to come to this consensus that petroleum products must come under the GST mechanism."
He, however, remained non-committal on the rising diesel and petroleum prices in the country.
"You have to appreciate the changing scenario. Everyday there is a pinch and relief. Due to natural calamities in the coastal areas of the United States, 13 percent refining capacity has been reduced which impacts the international market and which is now pinching," he said.
The Minister further said that for a robust economy, the pricing freedom should remain with the oil companies.
Commenting on Congress Party's threat to stage a country-wide protest against rise in excise duty of petrol and diesel, Pradhan said that the grand old party has looted the people while it was in power for 15 years, whereas the Bharatiya Janata Party (BJP) are using the profits to benefit the consumers.
Defending the higher duty, he said that, "The government's budgetary allocation in past three years under rail, road, agriculture, irrigation, drinking water, education, health care as increased.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
