<p>Mumbai: The central government is keen to bring natural gas and aviation turbine fuel (ATF) under the <a href="https://www.deccanherald.com/tags/goods-and-services-tax">Goods and Services Tax (GST) </a>regime and is ready to address the possible revenue loss concerns of states, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Friday.</p>.<p>“There are a large number of states which earlier had reservations like Gujarat, Maharashtra, Madhya Pradesh. But they are more or less <br>seeing the benefits of it,” Puri told reporters.</p>.India sees rise in US energy imports following Trump's announcement, says Hardeep Singh Puri.<p>The minister said the states have been opposing the move of bringing petroleum products under the ambit of the nationwide tax due to fears of revenue loss. “There is a normal tendency for any state government which has an assured revenue source which they don’t want to give it up.” Puri underlined the need to persuade states about continuity in revenue whenever petroleum products are brought under the GST purview.</p>.<p>Asked about the timeframe for such a move, Puri said, “If you want to ask me a question, when, I would say sooner than later.”</p>.<p>The minister said ATF and natural gas would be taken in the upcoming GST Council meeting. “Our sense out of the last GST council meeting is that ATF is likely to come soon, but bringing natural gas under GST is also very much on the card,” he added.</p>.<p>The minister ruled out any disruption or rise in crude oil prices due to US President Donald Trump’s policies on tariffs and increased sanctions on Russia.</p>.<p>“Even before President Trump’s re-election there were talks of the US wanting to put more gas and crude on to the market,” Puri said adding that the energy supply from the countries like the US, Canada, Argentina and Brazil are likely to go up in the coming months that would keep the prices in the international markets under check despite a cut in supply from traditional oil exporting countries.</p>.<p>On oil purchases from Russia, the minister said, “We are not committed to buying any quantity from anyone. We are committed to buying the most economically priced energy available.”</p>.<p>Puri said that energy ministers from more than 20 countries including Russia and the United States are likely to participate in the India Energy Week to be held in New Delhi from February 11-14.</p>.<p>Heads of several international organisations and around 90 CEOs from Fortune 500 energy companies are also likely to participate in the third edition of India Energy Week. “This reflects India’s rising influence in shaping the global energy transition dialogue,” the minister said.</p>
<p>Mumbai: The central government is keen to bring natural gas and aviation turbine fuel (ATF) under the <a href="https://www.deccanherald.com/tags/goods-and-services-tax">Goods and Services Tax (GST) </a>regime and is ready to address the possible revenue loss concerns of states, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Friday.</p>.<p>“There are a large number of states which earlier had reservations like Gujarat, Maharashtra, Madhya Pradesh. But they are more or less <br>seeing the benefits of it,” Puri told reporters.</p>.India sees rise in US energy imports following Trump's announcement, says Hardeep Singh Puri.<p>The minister said the states have been opposing the move of bringing petroleum products under the ambit of the nationwide tax due to fears of revenue loss. “There is a normal tendency for any state government which has an assured revenue source which they don’t want to give it up.” Puri underlined the need to persuade states about continuity in revenue whenever petroleum products are brought under the GST purview.</p>.<p>Asked about the timeframe for such a move, Puri said, “If you want to ask me a question, when, I would say sooner than later.”</p>.<p>The minister said ATF and natural gas would be taken in the upcoming GST Council meeting. “Our sense out of the last GST council meeting is that ATF is likely to come soon, but bringing natural gas under GST is also very much on the card,” he added.</p>.<p>The minister ruled out any disruption or rise in crude oil prices due to US President Donald Trump’s policies on tariffs and increased sanctions on Russia.</p>.<p>“Even before President Trump’s re-election there were talks of the US wanting to put more gas and crude on to the market,” Puri said adding that the energy supply from the countries like the US, Canada, Argentina and Brazil are likely to go up in the coming months that would keep the prices in the international markets under check despite a cut in supply from traditional oil exporting countries.</p>.<p>On oil purchases from Russia, the minister said, “We are not committed to buying any quantity from anyone. We are committed to buying the most economically priced energy available.”</p>.<p>Puri said that energy ministers from more than 20 countries including Russia and the United States are likely to participate in the India Energy Week to be held in New Delhi from February 11-14.</p>.<p>Heads of several international organisations and around 90 CEOs from Fortune 500 energy companies are also likely to participate in the third edition of India Energy Week. “This reflects India’s rising influence in shaping the global energy transition dialogue,” the minister said.</p>