Master Stroke Full (22.05.18): Fuel price can be controlled by reducing VAT, say Petrol dealers

Indian Oil Corporation Limited (IOCL) Chairman, Sanjiv Singh on Tuesday stressed on bringing petroleum products under the Goods and Services Tax (GST) in order to provide relief to common people from the ongoing spurt in fuel prices across the nation.
"There is no directive from the government as far as the retail price is concerned. The retail prices are driven by the last 15 days based on the global prices of the products. The government should bring all the petroleum products under GST - we will continue to stress upon it," ANI quoting IOCL Chairman said here.
Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) are not included in GST, which kicked off on July 1 last year.

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