Facing criticism over the rising fuel prices, the Central government said it is working on a long-term plan to provide relief to people from rising fuel prices. The petrol and diesel prices have hit an all-time high after the rates were revised this month post Karnataka polls.
“International crude oil prices have risen sharply in recent times, which have impacted the prices of petrol and diesel in the country… The Centre, in consultation with states, is making a long-term plan so that the prices could be reduced and controlled in future,” Goyal said at a press conference here.
Asked for details of this plan and when it would be introduced, the minister said, “We will announce it at the right time.”
On the demand of bringing petroleum products under the Goods and Services Tax (GST), Goyal said, “I hope there will be a discussion on bringing petroleum products under the new tax regime at the next meeting of GST Council.”
“The petroleum minister has also said that the GST Council meeting should discuss this issue to create a consensus,” he said.
The central government is using every rupee of the tax collected on petroleum products for strengthening the economy and for welfare schemes, the minister said.
“Our government has kept the inflation under control, while the inflation rate during the UPA government used to be in double digits,” he said.
However, in last two days the prices were slashed by paltry 1 paise and 7 paise, the move which too had drawn flak from the Opposition and public at large.
(With inputs from Agencies)