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'If brought under GST, Petrol Price can come down to Rs 75, diesel to Rs 68 per litre' : Experts
TIWN March 7, 2021
'If brought under GST, Petrol Price can come down to Rs 75, diesel to Rs 68 per litre' : Experts
PHOTO : A Fuel Station in Agartala. TIWN File Photo.

NEW DELHI / AGARTALA, March 7 (TIWN): The soaring rates of petrol and diesel have led to calls from several quarters for reduction in excise duty so that commuters can get some much-needed relief, said a national report. Today's petrol price in Agartala ? 91.39 (7th March 2021). As people gradually get back to work from office after last year's pandemic-induced work from home scenario, demand for fuel has also witnessed a rise. Petrol and diesel prices have touched record highs over the past nine months following spike in international crude rates.However, according to a report of SBI economist, petrol prices can fall to as much as Rs 75 per litre and diesel to Rs 68 per litre across the country if they are brought under the goods and services tax (GST) regime.According to SBI economists, price of fuel will come down if it is brought under the ambit of GST.Currently, a litre of petrol costs Rs 91.17 in Delhi and diesel is priced at Rs 81.94 a litre.

Both cities levy the highest amount of VAT on fuel in the country. SBI economists arrived at the rates after assuming global crude oil prices to be at $60 a barrel and exchange rate to be around Rs 73 per dollar.

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