Expect new govt. to bring petroleum under ambit of GST: HPCL Chairman


Expect new govt. to bring petroleum under ambit of GST: HPCL Chairman

Hindustan Petroleum Corporation Limited (HPCL) Chairman Mukesh K. Surana on Tuesday said that they expect the new government to bring petroleum products under the GST regime.

Speaking about his expectations from the new government, Surana told ANI, “This government has done lots of reforms. Oil companies do not get input credit on fuel products because of them not being under GST. Our expectation from the new government is to bring petroleum products under the GST regime.

Upon being asked about the upward trend in fuel prices after the culmination of the general elections, Surana reiterated that the prices are dependent on international factors and said, “Oil prices depend on international factors.

There are factors like US-China trade relations, the tension in Venezuela, tension in the Middle East among others. As domestic prices are linked with exchange rates hence it fluctuates according to global situations.” Read More

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