Industry speak: LK Gupta

“Our expectations include service tax exemption in oil & gas exploration, petro products being brought under GST, and natural gas/naphtha & LNG becoming declared goods under the CST Act. We also hope PDS kerosene and domestic LPG to be included under Cenvat Credit Rules. The 80-IB benefit should continue and there should be a level playing field in transportation fuel retail."

LK Gupta
CEO and MD, Essar Oil