Coal News We love to talk!
Finance Minister Arun Jaitley on Friday parried questions on whether the government was considering a cut in taxes on imported crude to bring down the prices of petrol and diesel.
"It was not in the agenda," he said at a media briefing to a question on whether the government was considering any relief measure to cool the fuel prices that have been breaking records for a month now.
Earlier, when asked whether the GST council meeting discussed bringing petrol and diesel under the ambit of Goods and Services Tax (GST), Jaitley said "It was not in the agenda". Political parties, including Congress, have been demanding that the petrol and diesel be brought under the GST so that duties on them can come down that will reflect in lower prices at the pump.
On Thursday, a senior Finance Ministry official said reducing overall consumption of petrol and diesel in the country is part of an overall exercise to cut down on Current Account Deficit, apart from reducing non-essential imports and boosting exports.
- IOC to appoint petrol bunk dealers, LPG distributors Read more
- Petrol, diesel and LPG to cost more Read more
- Oil India joins consortium bidding for British Gas' stake in GGCL Read more
- It’s raining downgrades Read more
- Bangladesh keen to invest in Meghalaya power projects Read more
- CNG price cut by 80 paise per kg, PNG 70 paise per unit in Delhi Read more
- Why arent retail petrol and diesel prices as volatile as crude? Read more
- KG-D6 turns a battleground Read more
- VAT effect: Petrol price in Delhi up by 96 paise a litre, diesel by 53 paise Read more
- Govt to scale up women outreach programme with LPG panchayat Read more