The Hindu - Chennai

'Consensus emerging on GST levy on fuels'

Date: 26/03/2018 | Edition: Chennai | Page: 15 | Source: Bureau | Clip size (cm): W: 13 H: 20

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Extracted Text data: 1- 'Consensus emerging on GST levy on fuels' Users, oil firms to benefit, says Minister SPECIAL CORRESPONDENT MANGALURU A consensus is being arrived at among States on the issue of bringing petroleum pro-ducts under the ambit of the Goods and Services Tax (GST), according to Dhar-mendra Pradhan, Petro-leum Minister. An early decision on bringing the petroleum pro-ducts under the GST would be 'better' both for consum-ers and oil companies, Mr. Pradhan told the media here on Sunday. Soon there would be a consensus, he said. The Minister said that in-itially States were apprehen sive about economic returns if the petroleum products were brought under the. (ST. "We have to pursue the matter with the GST Council now," he said. Mr. Pradhan also dis-closed that Mangalore Refin-ery and Petrochemicals Ltd. (MRPL) would start produc-ing BS-VI diesel by March, 2019 and the BS-VI petrol by December, 2019.The Minis-ter said the entire country would have BS VI fuel by April, 2020. He said the merger be-ween MRPL and ONGC Man-galore Petrochemicals Ltd (OMPL) was in the final stage. "With this merger, MRPL is going for a mega ex-pansion plan," he said, ad-ding the investment scope of the expansion is around 270,000 crore. When the merger is completed and with the expansion plan, the processing capacity of MRPL is set to go up from the present 15 million me-tric tonnes per annum (MMTPA) to 25 MMTPA."