New Delhi: Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan has called for inclusion of petroleum products under GST regime. Speaking at third India Energy Forum by CERAWeek in New Delhi today, he appealed to the union finance ministerto take this up in the GST council and at least make a beginning byincluding natural gas and ATF in theGST. He said “It’sbeentwoyearssincetheintroductionof historic tax reform the GST was implemented by decisive leadership of Prime Minister Modi.Given the complexity of petroleum sector and the revenue dependence ofstate governments in this sector, petroleum products have been kept outside the ambit of GST regime.There has been continuous demand from the petroleum industry forinclusion of petroleum products under GST regime.”
Shri Pradhan said thatno single form of energy can meet the growing energy demand in India given India’sdevelopment imperative that aims to ensure energy justice to all. Mixing all commercially viable energy sources is the only feasible way forward in our context. India will chart its own course of energy transition in a responsible manner.
The Minister highlighted several measures taken by the Government to overhaul the hydrocarbon policy framework to revitalize oil and gas ecosystem and establish a conducive business environment. Growing presence of global oil and gas majors like Saudi Aramco, ADNOC, BP, Shell, Total, Rosneft and ExxonMobil in India is a testimony to the faith and confidence of global investors on promising India’s growth story. He said “I am glad to see investors, MakinginIndia, for India, and also for the globe.”
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