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How is India's Goods and Services Tax impacting oil demand?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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?
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 the following images and tables:
- Pre- and post-GST rates on India's car sales by fuel type and engine size
- Historical monthly gasoline demand and car sales
What's included
This report contains:
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