What will be impact of the GST on petrol and diesel prices?

What will be impact of the GST on petrol and diesel prices?

These products have deliberately been kept away from GST till now though they surely would be brought under the GST slabs sooner or later.

It’s always been surprising to see more than half the cost of petrol/diesel is purely taxes.

Of the price one pays for a litre of petrol, ~60% goes to the government as tax. Retail consumers pay more tax on petrol and diesel than its actual price.

This hopefully would end once its brought under the umbrella of GST and the prices would reduce by atleast 30–40%.


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