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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?

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

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Table of contents

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

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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