Jaipur: Rajasthan Chief Minister Ashok Gehlot on Tuesday announced that that the state cabinet has decided to reduce the value-added tax (VAT) on petrol and diesel prices by Rs 4 and Rs 5 respectively. The new prices would be effective from midnight.
‘In the Cabinet meeting today, it was unanimously decided to reduce the rate of VAT on petrol/diesel. From 12 o’clock tonight, the rates will be reduced by Rs 4 per litre for petrol and Rs 5 per litre for diesel’, Gehlot tweeted. ‘Due to this, the state government will incur a loss of Rs 3,500 crore in annual revenue’, he added.
The Central Government had announced a reduction of central excise duty on petrol and diesel by Rs 5 and Rs 10 respectively on the eve of Diwali and had urged the states ‘to commensurately reduce’ VAT on the two petroleum products to give relief to consumers.
Post Your Comments