Higher GST rates will make biodiesel costlier than diesel: Manufacturers

An 18% levy of goods and services tax (GST) on biodiesel and ethanol has upset the ethanol and biodiesel manufacturers. GST on these green fuels, say industry analysts, could adversely impact the growth of the fledgling industry. “A high tax rate would impact consumption by heavy users like the oil marketing companies, Indian railways and road transporters. Besides, farmers may switch back to usin…