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Fuel prices have started falling, will fall further, says Dharmendra Pradhan

petrol

Gandhinagar: Petrol prices in India have started falling, Oil Minister Dharmendra Pradhan said, claiming that the fall would continue and would soon bring relief to citizens.

“Petrol prices have fallen by a few paise in the last two days… the prices will fall further,” Pradhan said while in Gujarat, where he attended an event related to the Skill and Development Ministry, which he handles in addition to oil.

Pradhan said that the recent hurricanes in the United States had affected the prices of petrol and diesel in India. The prices are now stable and will fall, he said.

According to records maintained by the Petroleum Planning & Analysis Cell, operated by the Oil Ministry, prices have fall by 10 paisa between September 21-September 23 (today).

Addressing the contentious issue of bringing petrol and diesel under GST, Pradhan said that the government is in favour of that move and that the GST council has been asked to consider bringing petroleum products under the Goods and Services Tax regime.

Pradhan said that a balanced model that ensures that the government gets revenue and that citizens aren’t burdened is the need of the hour. The GST Council is working on building this model, he added.

A previous analysis done by India Today had found that bringing petrol and diesel under GST would substantially bring down fuel prices in most states.

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