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Home >> News >> Gujarat Government Reduced VAT by 4 Percent on Diesel & Petrol

Gujarat Government Reduced VAT by 4 Percent on Diesel & Petrol

Posted on: 10 Oct, 2017 Tags   Diesel Price Petrol Price Vijay Rupani Chief Minister

Gujaratonweb: 10 Oct, 2017, After the central government's appeal to reduce the price of petrol and diesel in the country, the Gujarat government has announced a huge reduction in their VAT to be charged on petrol and diesel. After the Cabinet meeting of the state government, Chief Minister Vijay Rupani has decided to cut the VAT of petrol and diesel in the state by 4 per cent VAT.

This decision reduced the price of petrol in the state by Rs 2.93 and now the cost of 1 liters of petrol in the state will be Rs 67.03. This price will come into effect from 12 o'clock tonight. Similarly, after deduction of 4% VAT on diesel in the state, prices will fall by 2.72 paisa and now diesel will sell 60.77 rupees per liter.

Significantly, the Central Government recently announced to cut excise duty of Rs. 26,000 crores per year after the pressures of rising prices and the reduction in excise duty by Rs. 2 per liter.

In this announcement, the reduction in petrol and diesel was Rs 2 per liter for the common man. Now the Central Government has made preparations to put pressure on State Governments to cut prices of petrol and diesel.

According to sources, Central Petroleum Minister Dharmendra Pradhan has written to all state governments and appealed to them to declare a reduction in the state tax on petrol and diesel. Now, if the state governments cut their taxes on petrol and diesel, then the common man will get some relief from the rising prices of these essential fuel.

Significantly, the Central Petroleum Minister is also meeting the Chief Ministers of the state to pressurize the State Governments. In the same order last week, in Patna, Chief Minister of Bihar Nitish Kumar met and appealed to reduce the VAT being levied on petrol and diesel in the state at least 5%.

However, after the meeting, Pradhan had said that the Bihar government was having huge loss of revenue since the state's prohibition. Nevertheless, the Modi government hopes that keeping in view the interests of common man, Nitish Kumar will decide to reduce the VAT on petrol and diesel by 5%.

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