GST Council Brings No Relief To Prices of Petrol & Diesel

Story Highlights
  • ● Petrol and diesel excluded from GST regime.
  • Petrol and diesel prices at Rs.101.19 per litre and Rs. 88.62 per litre respectively in Delhi.
  • OMCs have kept the fuel pieces stable for the 14th consecutive day on Sunday.

Lucknow: The prices of petrol and diesel remain unchanged on Sunday despite a slight drop in world crude oil rates. For the 14th day in a row, fuel prices of the Oil Marketing Companies (OMCs) remained steady.

Petrol is retailing at Rs 101.19 per liter in Delhi while diesel is being sold at Rs 88.62 per liter. In Mumbai, the cost of petroleum and diesel stayed unaltered at Rs 107.26 and Rs 96.19 per liter on Sunday, which is as yet the most noteworthy among the four metro urban areas as of now.

Likewise, petrol costs in Chennai Rs. 99.06 per litre, and diesel is trading at Rs. 93.26 per litre. In Kolkata, the paces of petrol and diesel remained at Rs 101.62 per liter and Rs 91.71 per liter, separately. Currently, fuel prices are the lowest among four metro in Tamil Nadu’s Capital. Regardless, of whether the fuel costs have not been updated of late, petroleum and diesel are as yet retailing at record significant levels across India.

Quite, amendment in fuel is far-fetched at any point in the near future if worldwide raw petroleum costs don’t fall. Additionally, the government has made it clear in its Goods and Services Tax (GST) Council meet on Friday in Lucknow that it will exclude petrol and diesel under the GST regime. Petrol and diesel rates were last reviewed on September 5, when petrol and diesel costs were cut by 15 paise per liter each. However, of two negligible modifications this month, both key fuel price benchmarks the highest ever in nation after the rates were revised multiple times since April this year.

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