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How is India's Goods and Services Tax impacting oil demand?

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Report summary

On 1 July 2017, India switched to a unified taxation system – the Goods and Services Tax (GST). Four months on, we look at how this new tax regime is affecting India's transport sector and oil demand. Specifically, we address the following: • What are the implications for domestic gasoline and diesel prices? • How is GST affecting the price of cars in India? • What is the impact on India's gasoline and diesel demand? • How is GST affecting long-haul commercial road transport?

What's included

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  • Document

    How is India's Goods and Services Tax impacting oil demand?

    PDF 343.46 KB

Table of contents

  • Executive Summary
  • What is the Goods and Services Tax?
  • GST indirectly boosting gasoline demand while driving hybrids off the roads
  • Logistics sector to benefit the most from GST: a positive for diesel demand

Tables and charts

This report includes 2 images and tables including:

Images

  • Pre- and post-GST rates on India's car sales by fuel type and engine size
  • Historical monthly gasoline demand and car sales

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