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It is essential to bring petrol and diesel under the purview of GST:Dharmendra Pradhan

Bhubaneswar:7/9/18: Fuel price hike in the country is due to international factors and it has now become essential to bring petrol and diesel under the purview of GST, Union Petroleum and Natural Gas Minister Dharmendra Pradhan said Friday.

The unusual surge in fuel price is due to the political and economic situations at the international level and the Centre has been vigilant about it, he told newsmen here at the sidelines of a function.

“It has now become essential to bring petrol and diesel under the purview of GST. As these two items are out of the GST, the nation has to bear a loss of about Rs 15,000 crore. If petrol and diesel are brought under the GST, it will be better for all including consumers,”, Pradhan said.

Asked about the Centre’s steps to reduce oil prices, Pradhan said “One cannot effectively address the situation just by cutting down the rate of excise duty.

“The political situation in countries like Iran, Venezuela and Turkey has impacted the production of crude oil,” Pradhan said adding that the Organisation of Petroleum Exporting Countries (OPEC) has also not been able to increase the production of crude oil despite their promise.

Pradhan said India is constantly in discussion with the US, which has been impacting the crude oil production.

“Yesterday, during the 2+2 discussion, External Affairs Minister Sushma Swaraj had raised the issue of oil price. This apart from the devaluation of rupee has also impacted the price hike of oil,” he said.

Replying to another question, the union minister said the Odisha government has been getting revenue of about Rs 7,000 crore from petroleum products by raising the tax rate on these products.

“The people will get relief if the state government reduces the tax on petrol and diesel”, he said.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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