"It will be a good move, but the decision rests with the GST Council," Subramanian said during a recent interaction with FICCI FLO members.
In the last 12 days, the petrol price has gone up by Rs 3.64 per litre while diesel rate has risen by Rs 4.18 a litre in the national capital region.
In Madhya Pradesh' Anuppur district, petrol crossed ₹ 100 per litre reaching Rs. 100.25 per litre on Thursday after Rajasthan's Sriganganagar. Diesel price also stood at Rs. 90.35 per litre in the region.
Accordingly, oil marketing companies raised the pump price of petrol by 34 paise and diesel by another 32 paise per litre in Delhi. With this increase, petrol is now priced at Rs 89.88 a litre and diesel Rs 80.27 a litre in the national capital.
In Mumbai, petrol price touched the Rs 96 per litre mark today, the highest price to date, as compared with Rs 95.75 on Tuesday. After a 26 paise hike, people in Mumbai have to shell out Rs 86.98 for a litre of diesel.
Petrol price in Delhi inched closer to Rs 90 per litre as the fuel price is seeing a continuous surge.
The rate of petrol with additives has crossed the Rs 100 mark for a litre in Maharashtra's Parbhani district on Sunday morning, an office bearer of a petrol dealers' association said.
In the national capital, petrol climbed to Rs 88.73 a litre and diesel soared to Rs 79.06, the notification showed. Rajasthan, which levies the highest VAT on fuel in the country, had the highest petrol and diesel prices. In Sriganganagar town of the state, petrol soared to Rs 99.29 and diesel jumped to Rs 91.17 per litre.
Accordingly, oil marketing companies raised the pump price of diesel by year high level of 36 paise per litre and petrol by another 30 paise per litre in Delhi.
Across the country as well, the petrol prices increase within the 25-30 paisa per litre range, while diesel between 30-35 paisa per litre -- depending on the level of local taxes on the two petroleum products.
This took petrol price to an all-time high of Rs 87.85 a litre in Delhi and to Rs 94.36 in Mumbai. Diesel rates rose to Rs 78.03 per litre in the national capital and to an all-time high of Rs 84.94 in Mumbai.
Oil Minister Dharmendra Pradhan in Rajya Sabha said the government is not considering a reduction in excise duty to cool rates from their record highs.
Diesel prices in the national capital saw an upward revision from ₹ 76.83 per litre to ₹ 77.13 per litre, according to Indian Oil Corporation, the country's largest fuel retailer.
Petrol and diesel prices in Delhi touched new all-time highs on Thursday with oil marketing companies (OMCs) raising pump prices by 35 paise a litre.
While Sitharaman kept the Income Tax slabs unchanged, she imposed an additional agriculture cess on petrol and diesel.
While Sitharaman kept the Income Tax slabs unchanged, she imposed an additional agriculture cess on petrol and diesel.
Across the country, the fuel prices increased sharply but its rise at retail level varied state-to-state depending on the quantum of taxes in each state.
Petrol and diesel prices on Saturday surged again in India and Bhopal witnessed hike in the rates of fuels with ₹93.59 per litre and Rs 83.85 per litre respectively.
Petrol in Delhi has touched all-time high and costs Rs 85.45 per litre while diesel is retailing at Rs 75.63 per litre, 25 paisa more than the previous price, as per data from Indian Oil Corporation website.
Across the country as well the price of the two petroleum products increased at varied levels depending on the prevalent taxation structure.
Top News
Latest News
