23 states reduce VAT on petrol, diesel after Centre’s excise duty cut

20-a few states and union territories have cut worth-extra tax (VAT) on petrol and diesel following the Centre reduced excise responsibility on automobile fuels on Wednesday.

According to an formal statement, states that diminished fuel costs the most have been Karnataka, adopted by Puducherry and Mizoram.

On a for every litre foundation, petrol has diminished by Rs 13.35 in Karnataka, by Rs 12.85 in Puducherry, and by Rs 12.sixty two in Mizoram.

Likewise, the cost of diesel has diminished by Rs 19.forty nine for every litre in Karnataka, adopted by Puducherry (Rs 19.08) and Mizoram (Rs 18.34).

Thirteen states keep on to maintain on to present VAT premiums, including big states like Rajasthan, Maharashtra, Odisha, Chhattisgarh, Delhi, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala, Meghalaya, Andaman & Nicobar, Jharkhand, and Punjab have also held back VAT cuts.

On Wednesday evening, the Centre experienced declared a reduction in excise responsibility on petrol by Rs five a litre and diesel by Rs 10 a litre. The move arrived into effect from Thursday early morning, bringing down the retail cost of petrol in the countrywide money to Rs 103.ninety seven a litre and diesel to Rs 86.sixty seven a litre.

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