GST for petrol is an option: Petroleum Minister
Amid demands from several quarters to bring petrol and diesel under the Goods and Services Tax regime, the Centre may well be mooting the idea. The ball is in the court of GST Council, though.
"GST is one way that is being looked into to ease the situation, many other options are being explored for both short and long-term solutions," Petroleum Minister Dharmendra Pradhan today said.
What is causing the sudden spike in prices, especially in cities like Delhi and Mumbai? "It is due to circumstances in the international market that the value of Indian Rupee has reduced in comparison to US dollar. Also, there has been a surge in oil prices. We are trying to control prices," the Minister today added.