NEW DELHI, Dec 2:The government on Monday said
there is no proposal to reduce taxes on petrol and diesel.
Finance Minister Nirmala Sitharaman told the Lok Sabha
that no where in the world do the prices of petrol and diesel
remain steady for a particular period of time.
To a query on whether petrol and diesel would be brought
under the Goods and Services Tax (GST) regime, she said that
in a way, they are already under the zero rate category of the
GST. The rates have to be decided by the GST Council, she
noted.
The council, chaired by the Union Finance Minister, has
ministers in-charge of finance or taxation from all states as
members.
“At present, there is no proposal to reduce taxes on
petrol and diesel,” Sitharaman said in response to a question
on whether the government proposes to reduce taxes so that
prices of petrol and diesel would come down.
To another query, the minister said that at present, no
new tax on petrol and diesel is being considered.
The central government imposes various central excise and
custom duties on petrol and diesel. Besides, state governments
levy taxes on them.
When asked whether small farmers would be given subsidy on
diesel, Sitharaman said the Centre and the state governments
tax at different levels. (PTI)
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