Bring petrol & diesel under ambit of GST: Industry body to Delhi govt

New Delhi, Jul 9 (KNN) As the prices of petrol in Delhi crossed the Rs 100 a litremark, the Chamber of Trade and Industry (CTI) has asked the Delhi government to bring petrol and diesel under the ambit of GST to bring down the fuel rates.

The association also urged the central government to withdraw the increased excise duty that was introduced last year due to the COVID-19 pandemic.

CTI chairman Brijesh Goyal said the traders’ body had recommended bringing petrol and diesel in “maximum luxury slab of GST” and levying Rs 18 per litre CGST and SGST each on petrol.

“The price of petrol including dealer commission will be Rs 80.22 per litre after this. Similarly, if Rs 15 worth of CGST and SGST each is levied on diesel, the price will be Rs 74.92 per litre,” Goyal added.

According to CTI, during Corona, between March and May 2020, when crude oil became cheaper, the central government increased the excise duty on petrol by Rs 13 and diesel by Rs 16.

As much as 55 per cent of the retail selling price of petrol in Delhi is made up of taxes (Rs 32.90 a litre excise duty collected by the central government and Rs 22.80 VAT levied by the state government).