{"id":76294,"date":"2026-08-04T19:01:05","date_gmt":"2026-08-04T19:01:05","guid":{"rendered":""},"modified":"2026-08-04T19:01:05","modified_gmt":"2026-08-04T19:01:05","slug":"govt-to-adopt-appropriate-measures-to-mitigate-fuel-price-volatility-mos-finance","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=76294","title":{"rendered":"Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance"},"content":{"rendered":"<p>Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance<BR>GST<BR>Dated:- 4-8-2026<BR>PTI<BR>New Delhi, Aug 4 (PTI) The government will continue to adopt appropriate fiscal and administrative measures to mitigate the impact of future fuel price volatility while maintaining fiscal sustainability, Minister of State for Finance Pankaj Chaudhary said on Tuesday.<\/p>\n<p>Since the beginning of the West Asia conflict, PSU OMCs have marginally increased the retail prices of petrol and diesel despite sharp increases in international crude oil prices, he said in a written reply to the Rajya Sabha.<\/p>\n<p>He said despite severe disruptions in global energy markets, the measures taken by the government helped cushion the impact on con<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=74127\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>h as elevated international crude oil prices, while continuing to meet budgetary commitments, support macroeconomic stability and adhere to the fiscal consolidation path, he added.<\/p>\n<p>Brent crude oil prices peaked at USD 138.2 per barrel in April 2026, exerting upward pressure on global energy prices and domestic producer prices. However, to protect consumers, the government limited the increase in domestic retail prices of petrol and diesel to a marginal level, he said.<\/p>\n<p>&#8220;The Government will continue to adopt appropriate fiscal and administrative measures to mitigate the impact of future fuel price volatility while maintaining fiscal sustainability,&#8221; Chaudhary said.<\/p>\n<p>He said ongoing efforts to strengthen domestic revenue mobilisation, <\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=74127\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Govt to adopt appropriate measures to mitigate fuel price volatility: MoS FinanceGSTDated:- 4-8-2026PTINew Delhi, Aug 4 (PTI) The government will continue to adopt appropriate fiscal and administrative measures to mitigate the impact of future fuel pri&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-76294","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/76294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76294"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/76294\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}