GST may not stop prices from moving up, but will at least ensure no cascading of taxes. GST may not stop prices from moving up, but will at least ensure no cascading of taxes. But of equal concern is the pressure now on the Modi government to reduce excise duties on petrol and diesel. An Indian Oil Corporation, therefore, has an interest to source petrol or diesel only from its own refinery in Panipat or Paradip. GST may not stop prices from moving up, but will at least ensure no cascading of taxes.

Source: Indian Express May 27, 2018 18:56 UTC