How GST on petrol, diesel will bring down prices

NEW DELHI: The soaring prices of petrol and diesel has time and again highlighted the question of whether bringing it under the goods and services tax (GST) regime will prove beneficial for the consumers.

The much debated and speculated issue might finally come to a conclusion on Friday when the 45th GST Council meets in Lucknow.

For the first time in 20 months, the GST council will be conducting a physical meeting. After December 18, 2019, all the GST Council meetings were done in virtual mode.

“We are not saying that we should bring petrol and diesel under GST immediately, we are basically asking states to suggest a timeline,” a government source told TOI ahead of the crucial meeting of the GST Council on Friday.