Road transport minister Nitin Gadkari said the government has asked automakers to develop vehicles that run on alternative fuels and fuel companies to develop bio-fuels
High Petrol, Diesel Prices: States May Protest, But Govt Needs To Quickly Bring Fuel Products Under GST
Dharmendra Pradhan, the petroleum minister, has tweeted that the answer to the spiraling fuel prices could lie in bringing petroleum products under the GST regime.
After enjoying the benefits of low oil prices, we should also be ready to shell out more on trend reversal
The Goods and Services tax (GST) was introduced in India from July 1, 2017 which subsumed all indirect taxes levied by the central and state governments. However, petroleum products such as petrol, diesel, jet fuel and natural gas were kept out of the purview of GST in order to preserve the revenue acquired by the states.
Due to high pressure in order to check the hike i fuel prices from public, especially middle classs Dharmendra Pradhan, the petroleum minister on Wednesday conducted a high level meeting with the ministry officials.
Royal Dutch Shell aims to expand marketing operations in Asia and wants 20 per cent of sales from its fuel stations worldwide to come from recharging electric vehicles and low carbon fuels by 2025
Consumers will continue to pay higher taxes on petrol and diesel as the government has no plans to lower the excise duty on fuel.
Oil Minister Dharmendra Pradhan today said the daily revision in petrol and diesel prices will continue despite petrol price spiking by Rs 6.6 per litre in two months.
French energy giant Total SA is looking for a local partner to begin retailing petrol and diesel in the fast-expanding Indian fuel market, which already has a bunch of private and foreign oil giants competing with state firms.
Addressing the workshop on ‘Converging the Divergence between Diesel and Petrol Prices’ here today, the Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan said