Modi government reduces GST on ethanol GST on ethanol reduced from 28% to 5% Ethanol is used in petrol. This will make petrol cheaper. The Modi government has taken a decision to put out the fire in petrol and diesel prices in the country.
The government has reduced the GST rate on ethanol from 18% to 5% under the ethanol blended petrol program. It is worth mentioning that ethanol is mixed in petrol.
Oil marketing companies sell blended ethanol in petrol, Under the government's Ethanol Blended Petrol program, oil marketing companies sell 10% ethanol in petrol. This program has been implemented all over India except Andaman and Nicobar.
What will happen if 13% GST on ethanol is reduced.
Earlier, the central government used to levy 18 % GST on ethanol but now the GST on it has been reduced to 5%, thus reducing it to 13%. Reducing GST on ethanol will make it cheaper and thus cheap ethanol will automatically reduce the price of petrol.
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