The Chhattisgarh government on Monday slashed the value added tax (VAT) on petrol and diesel by 1 per cent and 2 per cent respectively. Notably, the decision was taken during the cabinet meeting chaired by chief minister Bhupesh Baghel, news agency PTI quoted a government official as saying.
“Chief Minister Bhupesh Baghel-led cabinet has decided to cut the prices of petrol and diesel. VAT on diesel and petrol has been reduced by 2 per cent and 1 per cent respectively. The state government will bear the loss of about ₹1,000 cr..” the chief minister's office (CMO) tweeted.
With this, the price of petrol will come down by ₹70 paise and that of diesel by ₹1.36, a press note issued by public relations department stated.
On November 3, the central government slashed excise duty on petrol and diesel by ₹5 and ₹10 per litre, respectively. Following this, BJP-ruled states, Punjab and Odisha reduced VAT on fuel to further reduce the prices.
On November 16, the Congress-ruled state of Rajasthan slashed VAT on fuels, making petrol cheaper by ₹4 per litre and diesel by ₹5 per litre.
“In the cabinet meeting today, it was unanimously decided to reduce the rate of VAT on petrol/diesel. After this, the rates will be reduced by ₹4 per litre in petrol and ₹5 per litre in diesel from 12 o’clock tonight,” state chief minister Ashok Gehlot tweeted.
{{/usCountry}}“In the cabinet meeting today, it was unanimously decided to reduce the rate of VAT on petrol/diesel. After this, the rates will be reduced by ₹4 per litre in petrol and ₹5 per litre in diesel from 12 o’clock tonight,” state chief minister Ashok Gehlot tweeted.
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