Petrol, diesel to come under GST if states agree: FM Nirmala Sitharaman

Petroleum products like petrol and diesel will come under the ambit of Goods and Services Tax (GST) once the states agree, Union Finance Minister Nirmala Sitharaman said on Wednesday.

“Once the states agree, we will have the petroleum products also covered by GST,” Sitharaman said while speaking at a post-budget session organised by PHD Chamber of Commerce and Industry.

Bringing petroleum products under GST is a long-standing demand from the industry. Analysts argue that it will help in controlling inflation and boosting industrial growth.