Fuel Prices On September 17: Council May Consider Bringing Fuel Under GST

According to a pricing notification issued by state-run oil companies on September 17, gasoline and diesel prices remained steady for the twelfth consecutive day.

The price of petrol in Delhi was recently reduced to Rs 101.19 per litre and the price of diesel to Rs 88.62 per litre. On September 16, prices in the national capital remained unchanged.

The GST Council may discuss taxing petrol, diesel, and other petroleum goods under a unified national GST system on Friday, a move that could necessitate major concessions from both the federal and state governments on how these items are taxed.

Fuel prices in Mumbai followed a similar pattern. The price of petrol remained constant at Rs 107.26 per litre. On May 29, the financial hub became the first city in the country to sell petrol for more than Rs 100 per litre.

In Maharashtra's capital, the price of diesel remained unchanged at Rs 96.19 a litre.

In Kolkata, too, the gasoline rates remained steady, with a litre of petrol and diesel costing Rs 101.62 and Rs 91.71, respectively.

India is over 85% reliant on imports to meet its oil needs, hence local fuel prices are based on worldwide oil prices.

The price of gasoline and diesel was last increased on July 17. Prior to that, from May 4 and July 17, the price of petrol was hiked by Rs 11.44 per litre.

During this time, diesel prices increased by Rs 9.14. During this time, the price increase pushed petrol prices above Rs 100 per litre in more than half of the country, while diesel prices did so in at least three states.