Policy● Neutral for Indian equities
Expert panel recommends bringing petrol, diesel and ATF under GST regime
The brief
- A seven-member expert panel recommended bringing petrol, diesel and ATF under GST
- The panel said removing the 2% central sales tax could improve inter-state fuel movement and pipeline transport
- GST inclusion could alter tax costs for Indian oil marketing, refining and aviation companies
- Oil eases as supply concerns recede, while fuel retailers absorb higher costs
- Oil Is Flowing From Hormuz Again—Just Not the Kind the World Needs Most
- 325 million oil barrels released to counter global energy crisis: IEA
- Bulk diesel price up Rs 14.6/litre as crude surge squeezes oil cos' margins
- Diesel boom lifts Reliance and Nayara, leaves state-run OMCs bleeding