Petrol, diesel prices fall: The central government has reduced it to give some relief to the common people. Excise duty on petrol and diesel prices. Petrol and diesel prices were on the rise before the Center stepped in last week, and the subsequent rise in overall inflation in the country. At the time of announcing the cut, Finance Minister Nirmala Sitharaman had also urged the states to reduce their VAT duty on petrol and diesel So that citizens can get more relief.
She had tweeted on May 21, “I would like to appeal to all state governments, especially those states, where cuts were not made during the last round (Nov 2021), to implement similar cuts and provide relief to the common man. To give,” he had tweeted on May 21. Saturday.
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I would like to call upon all the State Governments, especially those States, where the cuts were not made during the last round (November 2021), to implement similar cuts and provide relief to the common man.— Nirmala Sitharaman (@nsitharaman) 21 May 2022
Following the Centre’s indication, many states also announced that VAT on petrol and diesel was reduced. Uttar Pradesh was the latest state to announce such a cut.
Here are the states that have reduced VAT on petrol and diesel after the Center cuts excise duty
1. Kerala: The Kerala government was one of the first states to accept the Centre’s decision. On May 21, Kerala Finance Minister KN Balagopal said in a statement that as part of the Centre’s reduction in duty on petrol and diesel, the state government would reduce VAT on auto fuels. “The central government has partially reduced the massive hike in petrol/diesel tax. The state government welcomes this. Under this, the state government will cut petrol tax by Rs 2.41 and diesel tax by Rs 1.36.
2. Uttar Pradesh: Uttar Pradesh was the latest state to announce reduction in VAT on petrol and diesel prices. Chief Minister Yogi Adityanath on Wednesday informed the state assembly that VAT levied on diesel and petrol has been cut by Rs 1.03 and Rs 1.40 per liter respectively as part of the Centre’s cut in excise duty on auto fuels.
3. Rajasthan Rajasthan: “Due to the reduction in the prices of petrol and diesel by the central government, the state government will reduce VAT on petrol by Rs 2.48 per liter and on diesel by Rs 1.16 per liter. With this, petrol will become cheaper by Rs 10.48 and diesel by Rs 7.16 per liter in the state,” Chief Minister Ashok Gehlot had tweeted after the Center cut excise duty on petrol and diesel.
4. Maharashtra: The Maharashtra government on Sunday announced reduction in Value Added Tax or VAT on petrol and diesel. A notification said that the state government has reduced VAT on petrol by Rs 2.08 per liter and on diesel by Rs 1.44 per liter. It said the decision would result in loss of revenue of Rs 2,500 crore annually to the state exchequer.
5. Odisha: According to a report by Moneycontrol.com, the Odisha government has reduced VAT on petrol and diesel by Rs 2.23 and Rs 1.36 per liter as a result of reduction in excise duty.
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