The move to a uniform levy for fuel would help soften gasoline and diesel prices. (Representative image)
NEW DELHI: The Goods and Services Tax (GST) council will consider taxing petroleum products under a single national rate, according to people familiar with the matter, opening the door for a potential major change in consumer prices and government revenue.
The panel, headed by finance minister Nirmala Sitharaman, will examine the proposal at its meeting on Friday after a court asked for the matter to be taken up, the people said, requesting not to be identified as the agenda of the meeting isn’t public.
A spokesperson for the finance ministry didn’t immediately respond to calls for comment.
Any change to the GST system would require an approval by three-fourths of the panel, which includes representatives from all states and territories — some of which have resisted…