Petrol, diesel prices: Nirmala Sitharaman said on Saturday the Centre was reducing the Central excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre
Mumbai: The Maharashtra government has decided to cut the Value-added Tax (VAT) on petrol and diesel a day after the Narendra Modi government announced it would decrease the excise duty on the two essential commodities. The Uddhav Thackeray government said it is cutting the state tax by Rs 2.08 per litre on petrol and Rs 1.44 per litre on diesel.
Union Finance Minister Nirmala Sitharaman said on Saturday that the Centre was reducing the excise duty on petrol by Rs 8 per litre and diesel by Rs 6 per litre. “This will reduce the price of petrol by Rs 9.5 per litre and of Diesel by Rs 7 per litre,” she tweeted.
Sitharaman had appealed to the states to reduce VAT on petrol and diesel, to provide more relief to the masses.
Many non-BJP states have refused to reduce VAT.
The Kerala government had reduced the state tax on Saturday.Â
Source: dnaindia.com