Petrol won’t come under GST: Hardeep Puri

Union Petroleum Minister Hardeep Singh Puri has ruled out the inclusion of petrol under GST, citing its impact on state revenues and the ongoing fluid economic situation. He, however, indicated that fuel prices might decrease if global crude oil prices stabilise and international turbulence subsides.   Currently, international crude oil prices hover around $72-$73 per

Key challenges for Indian oil & gas sector in Budget

As Budget 2023-24 is ready to be presented before parliament by the FM Nirmala Sitharaman the oil & gas (O&G) sector in India has the following vital challenges. What O&G industry expects from this Budget Tags: E&P Concessions, GST, O&G Sector, Renwable

GST on biofuel down to 5% in India

The GST Council has made the recommendations relating to changes in GST tax rates, measures for facilitation of trade and measures for streamlining compliances in GST. As per the Council recommendations, GST on husk of pulses reduced to nil from five per cent. Besides, the Council also recommended reduction of GST on Ethyl alcohol or

Centre ready to bring petrol and diesel under GST

The Central government in India is ready for bringing petrol and diesel under the GST regime but it is unlikely that the states will agree to such a move, Petroleum and Natural Gas Minister Hardeep Singh Puri said. The minister, however, pointed out that it is unlikely that the states will agree to such a