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Bringing petrol, diesel under GST will lower prices: Devendra Fadnavis

"A task force is already working on reducing the fuel prices. If it (petrol and diesel) can be brought under GST, rates will come down. Maharashtra has already given its consent for it," the chief minister told reporters here.

May 24, 2018 / 14:21 IST
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petrol diesel price hike

Fuel prices will come down once the Centre builds a consensus to bring petrol and diesel under the Goods and Services Tax (GST), Maharashtra Chief Minister Devendra Fadnavis said today. Petrol and diesel prices are defined by international crude oil rates, Fadnavis noted.

"A task force is already working on reducing the fuel prices. If it (petrol and diesel) can be brought under GST, rates will come down. Maharashtra has already given its consent for it," the chief minister told reporters here.

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The GST Council will also have to look into aspects like revenue losses before taking a decision, he said.

Talks are going on with finance ministers of all states, Fadnavis said, adding that "other states have not given their consent yet."

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