GST on Petrol and Diesel in India: Budget 2026 - Upstox

The Goods and Services Tax (GST) is an indirect tax levied on the manufacturing and sale of goods and services across the country. GST replaced many indirect taxes, such as excise duty, VAT, service tax, etc., to bring uniformity in the tax structure. However, an important daily-use commodity, petrol and diesel, is still not part of GST. The question is why? Since the GST came into effect on July…