Can GST Reduce Fuel Prices? Here Is What P. Chidambaram Says

The fuel prices have drastically risen in the past few days as the Rupee continues its downward slump, followed by the trade wars and the price rise of crude oil.

Raising concerns over the high rise of the fuel prices, former Finance Minister & senior Congress leader P. Chidambaram said that the petrol & diesel should be brought under the GST.

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In a series of tweets, Chidambaram said:

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Prices of petrol and diesel, already at unprecedented levels in the country, rose for the ninth consecutive day on Monday, even as analysts said the dual impact of rising oil prices and the depreciating rupee increases regulatory risks for state-run oil and gas firms.

Union Minister for Petroleum and Natural Gas Dharmendra Pradhan had said that the rise in fuel prices in the country was “temporary,” adding that a rise in global crude oil prices was responsible for the price surge in India.

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