{"id":645187,"date":"2025-09-06T09:59:53","date_gmt":"2025-09-06T04:29:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=645187"},"modified":"2025-09-06T11:10:46","modified_gmt":"2025-09-06T05:40:46","slug":"gst-rationalisation-could-increase-pressure-on-the-oil-and-gas-sector-says-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gst-rationalisation-could-increase-pressure-on-the-oil-and-gas-sector-says-icra\/","title":{"rendered":"GST rationalisation could increase pressure on the oil and gas sector, says ICRA"},"content":{"rendered":"<p>The recent rationalisation of Goods and Services Tax (GST) is set to bring both relief and challenges across India&#8217;s key sectors, according to the ICRA press release. However, in the oil and gas sector, the move could increase pressure.<\/p>\n<p>Prashant Vasisht, Senior Vice President and Co-Group Head, ICRA Ltd., said, &#8220;GST has been increased on exploration, development and production of oil and gas from 12 % to 18 % which would lead to increase in the cost of production of crude oil and natural gas&#8230; moderating realisations and increase in cost of production would be a double whammy for the Upstream industry and could lead to some assets not being developed on account of poor returns.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent rationalisation of Goods and Services Tax (GST) is set to bring both relief and challenges across India&#8217;s key sectors, according to the ICRA press release. However, in the oil and gas sector, the move could increase pressure. Prashant Vasisht, Senior Vice President and Co-Group Head, ICRA Ltd., said, &#8220;GST has been increased on exploration, development and production of oil and gas from 12 % to 18 % which would lead to increase in the cost of production of crude oil and natural gas&#8230; moderating realisations and increase in cost of production would be a double whammy for the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-645187","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/645187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=645187"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/645187\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=645187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=645187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=645187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}