Bring petrol, diesel under GST immediately: Chidambaram
New Delhi, Sep 4: Former Union Finance Minister and Congress leader P Chidambaram said the Centre and states must act together to bring petrol and diesel under GST immediately.
Taking
to
twitter
Chidambaram
wrote:
"Relentless
rise
in
prices
of
petrol
and
diesel
is
not
inevitable.
Because
the
price
is
built
up
by
excessive
taxes
on
petrol
and
diesel.
If
taxes
are
cut,
prices
will
decline
significantly."
Congress demands that petrol and diesel be brought under GST immediately.
— P. Chidambaram (@PChidambaram_IN) September 3, 2018
"Congress demands that petrol and diesel be brought under GST immediately," he added.
"The Centre blaming the states is a spurious argument. BJP forgets its boast that BJP is ruling 19 States. Centre and states must act together and bring petrol and diesel under GST," he further said.
Rupee hits lifetime low of 71.10 against US dollar
Petrol and diesel prices in the country touched their highest levels on Monday mainly due to dramatic fall in rupee and a sharp rise in crude oil rates.
Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai
Petrol price in Delhi rose to a record Rs 79.15 a litre and diesel climbed to a fresh high of Rs 71.15, according to price notification of state-owned fuel retailers.
A litre of petrol in Mumbai costs Rs 86.56 on Monday.