Sitharaman on fuel price: not just Centre but states charge duties as well

Updated : Mar 01, 2021 08:53
|
Editorji News Desk

The push to include petrol and petroleum products under the GST just got stronger.  Union Finance Minister Nirmala Sitharaman on Friday said that the rising fuel prices is putting a burden and creating a hole in consumers' pockets. She said it is not just the Centre which has duties on petroleum price but the states charge as well and added that 41% of revenue earned goes to states as well. She further said that it is a matter that both states and Centre should discuss as . Meanwhile, Crude prices soared to the highest level since January as the 23 nation coalition of oil producers OPEC decided to hold back on increasing supplies. 

 

GSTFinance MinisterEconomyPricePetrol

Recommended For You

editorji | Business

Sensex falls 429 points, Nifty slips 173 points after RBI rate hike

editorji | Business

RBI raises repo rate by 25 bps to 5.50%, shifts policy towards tightening

editorji | Business

GST rates likely unchanged as 57th Council meeting focuses on reforms

editorji | Business

Sensex gains 685 points, Nifty rises 220 points to cross 22,700

editorji | Business

Sensex gains 473 points, Nifty rises 134 points as markets stage recovery