Call on bringing fuels under GST to be taken closer to GST Council meet: Sitharaman Amidst the rise in fuel prices, Finance Minister Nirmala Sitharaman on Friday said she might take a call closer to the GST Council meeting about proposing to the Council to bring petrol and diesel under the goods and services tax (GST). Sitharaman admitted that taxes on fuels should be brought down to reduce the burden on consumers, and called pricing a worrying issue. Dual airbags mandatory for new cars f...

India's Oil Minister Dharmendra Pradhan had in the run-up to Thursday's OPEC meeting urged the producers' group to ease production curbs to fulfil their promise of stable oil prices

On being asked if the Centre will take a proposal for bringing petrol and diesel under GST to the GST Council, the finance minister said a call will be taken \"closer to the date of the Council meeting.\"

Pradhan said at the CERAWeek conference by IHS Markit that India, where fuel demand is recovering to pre-pandemic levels, would like to rely on reasonable and responsible oil prices

The Ecowrap report, authored by Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India stated that Centre and states do not want to bring oil products under the GST regime as sales tax and VAT comprise a major source of tax revenue

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\"We estimate excise duty on auto fuels in FY22 (April 2021 to March 2022), if it is not cut, at Rs. 4.35 lakh crore versus budget estimate of Rs. 3.2 lakh crore, ICICI Securities said in a note

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Axis Bank says that leading and concurrent high frequency indicators are showing signs of plateauing at about 3 per cent below pre-lockdown levels, which is a cause for worry

Five litre of petrol was awarded to a cricketer who was judged as 'Man of the Match' in the final bout of a cricket tournament. The photo of the 'Man of the Match' being awarded 5 litre of petrol in Bhopal has gone viral on social media

The Ministry of Finance is considering cutting excise duties on petrol and diesel to cushion the impact of record-high domestic prices, three government officials close to the discussions said. As the coronavirus pandemic hit economic activity, Prime Minister Narendra Modi's government  raised taxes twice on petrol and diesel in the last 12 months to boost sagging tax revenues instead of passing on the benefits of low oil prices last year to consumers. Watch the video for more.Also Read: ATF price up by steep 6.5%; petrol, diesel unchanged

This is the third increase in jet fuel prices since February. Rates were increased by 3.6 per cent on February 16, and by Rs 3,246.75 per kl on February 1

\"We are discussing ways in which prices can be kept stable. We will be able to take a view of the issue by mid-March,\" say sources

The vaccination programme has released pent-up optimism and \"there is little doubt today that a recovery based on a revival of consumption is underway,\" RBI said.

Market leader Maruti Suzuki saw a 8.3 per cent growth at 144,761 units while Hyundai witnessed a 29 per cent jump at 51,600 units

This is second hike in last four days and fourth since February. LPG cylinder prices have been hiked by Rs 125 in February and since December, they saw Rs 200 increase

Currently, the price of one litre of petrol stands at Rs 91.17 per litre in Delhi, and diesel rates stand at Rs 8.47 per litre. In Mumbai, the price of petrol is Rs 97.57 per litre, and that of a litre of diesel is Rs 88.60 per litre

Fuel prices have been rising steadily since February 9. In the 14 increases since then, petrol and diesel rates have gone up by Rs 4.88 per litre and diesel by Rs 4.81 per litre in Delhi

A number of carmakers including market leader Maruti Suzuki, Renault-Nissan, Volvo Cars and the entire Volkswagen Group that comprises its three brands -- Volkswagen, Skoda and Audi, decided to stop selling diesel models in the country

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