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Bringing petroleum products under GST will be good move: Chief economic advisor K V Subramanian

"It will be a good move, but the decision rests with the GST Council," Subramanian said during a recent interaction with FICCI FLO members.

February 28, 2021 / 01:35 PM IST
(Representative Image)

(Representative Image)

Chief Economic Advisor K V Subramanian has backed a proposal to bring petroleum products under the ambit of the Goods and Services Tax (GST).

He, however, said the decision will have to be taken by the GST council.

"It will be a good move, but the decision rests with the GST Council," Subramanian said during a recent interaction with FICCI FLO members.

Petroleum Minister Dharmendra Pradhan had also urged Union Finance Minister Nirmalya Sitharaman to bring petroleum products under the ambit of the GST.

Continuous rise in fuel prices has burdened the common man and become a political issue in states where assembly elections are due.

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Petrol & Diesel Rates Apr 15, 2021

Thursday, 15th April, 2021

Petrol Rate in Mumbai Apr 15, 2021

  • Current Petrol Price Per Litre
    97

Thursday, 15th April, 2021

Diesel Rate in Mumbai Apr 15, 2021

  • Current Petrol Price Per Litre
    88
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Subramanian also said inflationary pressures are mostly on account of "food inflation".
PTI
first published: Feb 28, 2021 01:35 pm

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