New Delhi: The Nitish Kumar-led Bihar government on Thursday (November 4) announced a reduction in the VAT rate on petrol and diesel by over Rs 3 per liter to help those who have been paying higher fuel prices for the past few weeks. Consumers can get relief.
The Bihar government has taken this step a day after the central government reduced the excise duty on petrol and diesel to provide relief to the consumers. Bihar Chief Minister Nitish Kumar announced this by tweeting.
“Following the Centre’s move to reduce the prices of petrol and diesel, the state government has decided to provide additional relief to the people by reducing the VAT rates. Petrol prices will be reduced by Rs 3.20 per liter while that for diesel It will be Rs 3.90 per litre,” Kumar said in his tweet.
The latest move by the Bihar government comes after the Center on Wednesday reduced the excise duty on petrol and diesel by Rs 5 and Rs 10 per liter respectively.
Following the move, several states, mostly ruled by the BJP-led NDA, have announced further cuts in VAT duty on petrol and diesel, making the fuel a bit cheaper for many.
For example, the BJP-ruled Gujarat government announced a reduction in the prices of petrol and diesel by Rs 7 per liter after the Center cut fuel prices to provide relief to the common man.
Earlier in the day, the Uttar Pradesh government also reduced VAT on two petrol products, making them cheaper by Rs 12 per liter in the state.
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