The Goods & Services Tax (GST) is an indirect tax that is levied on the supply of taxable goods and services. When GST was launched in July 2017, the rules were defined regarding the tax eligibility and rates for various supplies. Even though the major petroleum products (including crude oil, white petroleum (motor spirit, aviation turbine fuel), diesel and natural gas) have been kept out of GST cover, some other products such as LPG, fuel oil, kerosene, naphtha etc are included. There are some direct and indirect impacts of the GST on oil and gas sector.
