Union Petroleum Minister Dharmendra Pradhan today said that his ministry has been consistently requesting the GST Council to keep petroleum products under its purview as it would benefit the people.
But he says the call to accept them.
He added, “Consumer prices (for petrol and diesel) have risen due to the rise in crude oil prices in the international market. It will gradually soften. In turn, COVD has also reduced global supply.”
Meanwhile, petrol prices rose on Tuesday ₹The price of a liter in the national capital has crossed 91 and diesel ₹After a two-day break, fuel prices were raised again to 81 liters per liter.
Petrol and diesel prices were hiked by 35 paise per liter, according to state-owned fuel retailers’ price notices, sending the retail rate to an all-time high.
This has increased the price of petrol ₹90.93 liters in Delhi and ₹97.34 in Mumbai
Diesel – the most acceptable fuel in the country – comes now ₹In the national capital and for that 61.32 liters ₹88.44 in Mumbai
Direct fuel prices rose for 12 days before the two-day break button was pressed on February 21 and 22.
The rise comes after rising oil prices in the international market, on the basis of which India is dependent on 75 per cent of its crude oil demand.
Brent oil crossed the US dollar per barrel on Tuesday as U.S. output slowed to a halt after goods closed in Texas last week.
Has increased the price of petrol ₹4.63 per liter in and between February ₹7.22 in 2021. The rate of diesel has increased ₹4.84 liters in and between February ₹7.45 in 2021.
Petrol prices have already exceeded ₹100-mark in some places in Rajasthan and Madhya Pradesh, which levy maximum value added tax (VAT) on fuel.
Retail pump prices vary from state to state depending on local taxes (VAT) and rent.
Opposition parties, such as the Congress, have criticized the rise in fuel prices, saying the excise duty should have been cut to ease the pain of consumers.
The Modi government raised taxes in April / May last year to offset the benefits of sinking from two-decade low international oil prices. While global rates have risen again compared to demand, the government has not recovered taxes which are record highs.
Central and state taxes account for more than 60 percent of the retail price of petrol and 54 percent of diesel.