Demand for bringing petrol and diesel under GST has once again gained momentum. People say this is the only way to save the country as petrol and diesel prices have skyrocketed.
Petrol and diesel prices are constantly rising.
– Photo: Amar Ujala
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Petrol and diesel prices are skyrocketing and the entire industrial sector is booming due to inflation. Due to the increased transportation cost, there was a huge increase in the price of consumer goods, and then the business also almost came to a standstill due to low demand. With this in mind, the demand for bringing petrol and diesel under GST has intensified once again. People say this is the only way to save the country as petrol and diesel prices have skyrocketed. But is it so easy to bring petrol and diesel under GST? What are the barriers to this path and what are its implications for the market?
Sadeep Bansal, president, All India Trade Board, said the market was paralyzed by sharp rise in petrol and diesel prices. As the Navratri-Dussehra and Diwali festive seasons came to an end, consumers flocked to the market with no money on hand to spend. He said if the government brought petrol prices under GST, it would curb inflation and speed up the market.