OIL & GAS

Gas under GST will help sector and enhance consumption: Petroleum Secy

There’s a lot happening in the oil and gas sector to boost gas consumption and make India Atmanirbhar, even as the most tracked divestment of BPCL is underway. CNBC-TV18 spoke to the person crafting the many moves across the sector on the several pieces of the reform agenda, Tarun Kapoor, Secretary, Ministry of Petroleum and Natural Gas.

“Crude price internationally has been going up and down, it has been fluctuating between USD 66 per barrel and USD 70 per barrel. Our price is depended on the product price which means that the price of petrol and diesel internationally and it has been fluctuating between USD 70 per barrel and USD 75 per barrel,” he said.

The government doesn’t get into the pricing because the oil marketing companies (OMCs) take their own decision.

“We don’t get into this pricing issue,” he mentioned.

In terms of getting gas under goods and services tax (GST), he said, “In the ministry, we feel that it is important to get gas under GST because gas is moved in pipelines across the country.

Source
CNBC
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