Petrol Under GST

The BJP will stage protests across Karnataka against the hike in petrol and diesel prices on June 17, the party's state unit president B Y Vijayendra said on Sunday. The Karnataka government on Saturday hiked sales tax on fuel which will make petrol and diesel costlier. Petrol prices have gone up by Rs 3 per litre and diesel by Rs 3.5 per litre. "We urge the Chief Minister to withdraw this decision immediately. Tomorrow we have organised protests across the state and we are not going to keep quiet till the hike is revoked," Vijayendra told PTI here in the district headquarters town of Hassan. He said the protests will take place in all the district headquarters of the state. Vijayendra charged that the 'desperate Chief Minister' hiked the petrol and diesel prices since he is unable to start any new programmes due to the five guarantees. "After the Lok Sabha elections, they (Congress government) have increased fuel prices. This will cost all sections of people in the entire state

FM says GST Council will take it up after considering revenue impact

Five petroleum items have been kept out of GST as they are considered cash cows, giving both the Centre and states bulk of their tax revenues

The minister said the spike in petrol rates in the international market has impacted the cost of the fuel in India

Says non-availability of Form-C causing problems to fertiliser, auto, other industry

Inclusion of these can happen without amending the Constitution, he said

Sale and supply of oil, gas and petroleum products continue to attract earlier taxes like excise duty and VAT