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Economy

Maharashtra CM for bringing petrol, diesel under GST

Updated : May 24, 2018 08:27 PM IST

Noting that petrol and diesel prices are defined by international crude oil rates, the chief minister said the GST Council will also have to look into aspects like revenue losses before taking a decision.
Petrol and diesel prices were raised for the 11th day in succession today as the state-owned oil firms gradually passed on to the consumer the increased cost of international oil that had accumulated since a 19-day freeze was imposed just before Karnataka elections.
The Centre had in June last year junked the 15-year old practice of revising rates every fortnight and introduced daily revisions.
Maharashtra CM for bringing petrol, diesel under GST

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