Top on agenda: Easing E&P norms, getting petro products under GST


Top on agenda: Easing E&P norms, getting petro products under GST

Further push for inclusion of key petroleum products under the ambit of goods and services tax (GST), and easing of exploration and production (E&P) norms will be among top priorities for the new government. A source added that a separate scheme might also be introduced for revival of stranded gas-based power projects.

At present, five petroleum products — petrol, diesel, crude oil, natural gas and aviation turbine fuel (ATF) — are out of GST. Sources said the immediate agenda would be to convince states like West Bengal, Bihar and Tamil Nadu that are not on board for inclusion of these products under GST.

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