Kerala firm on not reducing VAT on fuel prices, says state is in 'grim financial situation'
3 years, 1 month ago

Kerala firm on not reducing VAT on fuel prices, says state is in 'grim financial situation'

India TV News  

The Kerala government has on Friday said firmly that there will be no tax reduction on the petrol and diesel prices, quoting the state's grim financial situation. Justifying the state's decision not to cut the additional tax on fuel, state Finance Minister K N Balagopal, while addressing a press conference said Kerala has not increased the state-tax on petrol and diesel for the last six years and it had actually reduced it once. Explaining that the tax structures for petrol and diesel imposed by the Centre and the state were different, he said when the union government reduces its tax or the basic price of fuel, it would naturally reflect in the state tax as a proportionate decrease would happen there also. The Kerala Assembly on Tuesday had witnessed a war of words between the CPI-led ruling front and the Congress-headed opposition over frequent fuel price hike in the country and the latter walked out of the House terming it as "State- Though the LDF government maintained that it was the Centre and not the State government which was responsible for the fuel price hike, the UDF members wanted it to forego the additional tax revenue generated on its sales for the sake of struggling commoners.

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History of this topic

Maharashtra govt reduces VAT on petrol, diesel in Mumbai region. Check new prices
5 months, 3 weeks ago

Maharashtra govt reduces VAT on petrol, diesel in Mumbai region. Check new prices

Hindustan Times  

The Maharashtra government on Friday announced its decision to reduce Value Added Tax on diesel and Petrol for the Mumbai region. Deputy chief minister Ajit Pawar, while tabling the state Budget for 2024-25, said the government is reducing 24% to 21% of VAT on diesel for Mumbai, Navi Mumbai and Thane region. “Tax on diesel is being decreased from 24% …

Congress hiked fuel prices as revenge for poll debacle: Karnataka LoP Ashoka
6 months, 1 week ago

Congress hiked fuel prices as revenge for poll debacle: Karnataka LoP Ashoka

New Indian Express  

BENGALURU: Hitting out at the state government for increasing petrol and diesel prices in Karnataka, Leader of Opposition in the Assembly R Ashoka claimed that the Congress-led dispensation is taking revenge on the people for defeating the party in the recent Lok Sabha polls. “During the previous BJP government, when fuel became costlier by just Re 1, the present CM …

HD Kumaraswamy slams Karnataka government for fuel price hike: 'To fund schemes'
6 months, 1 week ago

HD Kumaraswamy slams Karnataka government for fuel price hike: 'To fund schemes'

India Today  

Union Heavy Industries and Steel Minister HD Kumaraswamy on Monday lashed out at the Congress-led Karnataka government for the recent hike in sales tax on fuel, which has made petrol and diesel costlier in the state. The Janata Dal leader said the fuel prices were hiked by Chief Minister Siddaramaiah-led government to fund Congress's guarantee schemes like Gruha Lakshmi in …

Fuel prices hike in Karnataka: A look at petrol, diesel rates across the Indian states
6 months, 1 week ago

Fuel prices hike in Karnataka: A look at petrol, diesel rates across the Indian states

India TV News  

Amid the uproar over rising fuel prices in Karnataka, Chief Minister Siddaramaiah assured citizens that the government remains committed to keeping fuel prices reasonable. He emphasised that Karnataka's revised rates are still more affordable than those in neighboring states like Andhra Pradesh and Maharashtra. Even after this hike, our state's taxes on fuel remain lower than most South Indian states …

CM Siddaramaiah defends hike in petrol and diesel prices
6 months, 1 week ago

CM Siddaramaiah defends hike in petrol and diesel prices

Deccan Chronicle  

Bengaluru: Karnataka Chief Minister Siddaramaiah on Sunday defended the hike in petrol and diesel prices saying that it will ensure funding essential public services and development projects. With the opposition BJP and its ally JD coming down heavily on the Congress government for increasing the petrol and diesel prices by Rs 3 and Rs 3.5 per litre respectively, Siddaramaiah said …

‘To fund public transport’: Karnataka CM Siddaramaiah defends fuel price hike
6 months, 1 week ago

‘To fund public transport’: Karnataka CM Siddaramaiah defends fuel price hike

Hindustan Times  

A day after the Karnataka government announced a hike in fuel prices in the state, Karnataka Chief Minister Siddaramaiah defended the government's move. He said that even after the ₹3 hike in fuel charges per litre, the fuel price in Karnataka is still lesser than many states in the country. ‘To fund public transport’: Karnataka CM Siddaramaiah defends fuel price …

Karnataka Chief Minister defends fuel price hike: 'Will ensure funding for...'
6 months, 1 week ago

Karnataka Chief Minister defends fuel price hike: 'Will ensure funding for...'

India Today  

Karnataka Chief Minister Siddaramaiah on Sunday justified the petrol and diesel price hike in the state, highlighting the state's "reduced revenue", and said it would ensure funding for essential public services and development projects. Defending the decision, the Chief Minister said, “The Government of Karnataka has increased VAT on petrol to 29.84% and on diesel to 18.44%. We remain committed …

Karnataka BJP Criticizes Congress for Petrol and Diesel Price Hike
6 months, 1 week ago

Karnataka BJP Criticizes Congress for Petrol and Diesel Price Hike

Deccan Chronicle  

Mangaluru: BJP leaders have strongly criticized the Congress government in Karnataka for its recent decision to increase petrol and diesel prices in the state. "The Congress government in the state has bankrupted the treasury by implementing unscientific guarantee schemes and has now betrayed the people by increasing the prices of petrol and diesel," Bommai asserted on X. BJP Mangaluru Vibhag …

Petrol Becomes Costlier By Rs 3 Per Litre In Karnataka As State Govt Hikes Taxes
6 months, 1 week ago

Petrol Becomes Costlier By Rs 3 Per Litre In Karnataka As State Govt Hikes Taxes

ABP News  

Petrol prices in Karnataka surged by Rs 3 per litre after the state government increased tax on petrol and diesel. According to the Petroleum Dealers Association, petrol and diesel prices are likely to go up by Rs 3 and Rs 3.05 approximately in Karnataka pic.twitter.com/rJDinVT6SK — ANI June 15, 2024 As per the Akhila Karnataka Petroleum Dealers Association, the cost …

Karnataka hikes petrol and diesel prices by ₹3 per litre. Check latest rates
6 months, 1 week ago

Karnataka hikes petrol and diesel prices by ₹3 per litre. Check latest rates

Hindustan Times  

Petrol and diesel prices in Karnataka have increased after the state revised sales tax on Saturday. As per the Petroleum Dealers Association, petrol and diesel prices are likely to go up by ₹3 and ₹3.05 approximately in Karnataka, ANI reported. Petrol and diesel prices in Karnataka The price of petrol has surged by ₹3, bringing the rate Bengaluru to ₹102.84 …

Karnataka: Petrol, diesel prices likely to go up as state govt revises sales tax; BJP reacts
6 months, 1 week ago

Karnataka: Petrol, diesel prices likely to go up as state govt revises sales tax; BJP reacts

India TV News  

The petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax by 29.84 per cent and 18.44 per cent. In a notification issued by the Finance Department, the government has hiked sales tax on petrol by 3.92 percentage points, from 25.92 to 29.84 per cent. BJP reacts BJP spokesperson Shehzad Poonawalla …

Fuel prices in Karnataka rise by Rs 3 after state government hikes sales taxes
6 months, 1 week ago

Fuel prices in Karnataka rise by Rs 3 after state government hikes sales taxes

New Indian Express  

BENGALURU: Karnataka state government on Saturday hiked the fuel prices by Rs 3 following the hike in Karnataka Sales Tax on petrol and diesel. The state government in a notification on Saturday, announced that it had hiked the sales tax from 25.92 per cent to 29.84 per cent on petrol and from 14.3 per cent to 18.4 per cent on …

Lok Sabha polls | Palaniswami slams DMK, BJP on fuel prices, funds for disaster relief
8 months ago

Lok Sabha polls | Palaniswami slams DMK, BJP on fuel prices, funds for disaster relief

The Hindu  

AIADMK general secretary Edappadi K. Palaniswami on Wednesday, April 17, 2024 said the DMK’s promise of getting the prices of petrol and diesel reduced was not credible, as the ruling party, in the past three years, had not brought down Value Added Tax on diesel, contrary to its assurances during the 2021 Assembly election. In a statement issued on the …

Petrol and diesel prices reduced by ₹2 per litre ahead of Lok Sabha elections
9 months, 1 week ago

Petrol and diesel prices reduced by ₹2 per litre ahead of Lok Sabha elections

Hindustan Times  

Petrol and diesel prices are being reduced by ₹2 per litre, Union petroleum minister Hardeep Singh Puri announced on Thursday. “By slashing petrol and diesel prices by ₹2, prime minister Narendra Modi has once again shown that providing welfare and convenience to his family of crores of Indians, has always been his goal,” Puri wrote in a post on X. …

Sri Lanka raises fuel retail prices; first under new VAT hike
11 months, 3 weeks ago

Sri Lanka raises fuel retail prices; first under new VAT hike

The Hindu  

The Sri Lankan Government raised retail fuel prices by ₹20 effective from January 1 in its monthly revision, making it the first retail price hike of any commodity under the imposition of new Value-Added Tax rates. Sri Lanka's VAT rate has been increased by 3% from January 1 for the band, which was previously taxed at 15%, while most VAT-exempt …

Taxing times in Kerala
1 year, 10 months ago

Taxing times in Kerala

The Hindu  

Budget week is that time of the year when the state of public finances comes under relentless scrutiny. His announcements of a bevy of tax proposals and a social security cess on petrol, diesel and liquor, which were the rather unexpected highlights of his Budget speech, kicked off a political storm. Accusing Mr. Vijayan’s government of overburdening the people, four …

Social security cess on fuel forces a vexing political calculus on government
1 year, 10 months ago

Social security cess on fuel forces a vexing political calculus on government

The Hindu  

The proposed additional social security levy of Rs. He says the government is hard-pressed to forsake an estimated Rs 11,000 crore the State requires to meet its social security commitments, a potentially advantageous political priority for the Left Democratic Front. Not surprisingly, Mr. Balagopal told the Assembly that he is ready to take the flak for the fuel cess in …

Kerala Budget will push people to further suffering: BJP
1 year, 10 months ago

Kerala Budget will push people to further suffering: BJP

The Hindu  

BJP State general secretary C. Krishnakumar said here on Friday that the State Budget would push the people into further suffering. Kerala has become the State to charge the highest price for petrol and diesel in the country,” said Mr. Krishnakumar. The government, the BJP leader said, is pushing the people to further depths of suffering by increasing taxes. Mr. …

Kerala Budget announces tax hikes, social security cess on fuel and liquor
1 year, 10 months ago

Kerala Budget announces tax hikes, social security cess on fuel and liquor

The Hindu  

Balagopal on Friday announced a string of tax increases and new cesses aimed at mopping up additional revenue in his Budget for the 2023-24 fiscal, even as the measures drew sharp criticism for burdening taxpayers at one fell swoop. The Budget also earmarked ₹2000 crore for tackling inflation and ₹100 crore for a ‘Make in Kerala’ programme intended to promote …

Diesel prices hiked in Himachal Pradesh by the new Congress government
1 year, 11 months ago

Diesel prices hiked in Himachal Pradesh by the new Congress government

Op India  

On Sunday, January 8, the Congress government in Himachal Pradesh increased the value-added tax on diesel from 6.40 per cent to 9.96 per cent per litre. Notification issued by the government of Himachal Pradesh Apparently, the newly-elected Congress government has forgotten its pre-poll promise that the Congress party, if voted to power, will not increase fuel prices in the state. …

Petrol prices high in six non-BJP ruled States due to high VAT: Puri
2 years ago

Petrol prices high in six non-BJP ruled States due to high VAT: Puri

The Hindu  

Petroleum Minister Hardeep Singh Puri said on Thursday that petrol prices remained high in six non-BJP ruled States of West Bengal, Tamil Nadu, Andhra Pradesh, Telangana, Kerala and Jharkhand as the State governments had not reduced value-added tax. High crude prices Asserting that currently petrol prices in India were one of the lowest, Mr. Puri said oil marketing companies together …

Petrol Prices Above Rs 100 In Mumbai, Kolkata, Chennai; Check Today's Fuel Rates Here
2 years ago

Petrol Prices Above Rs 100 In Mumbai, Kolkata, Chennai; Check Today's Fuel Rates Here

News 18  

Fuel prices in the major cities of India remained unchanged for yet another day despite the ongoing fall in crude oil prices in the international market. In New Delhi, a litre of petrol costs Rs 96.72, whereas diesel is being sold at Rs 89.62 per litre. 96.72 per litre Diesel: Rs. 87.89 per litre Lucknow Petrol: Rs.Rs 96.57 per litre …

Petrol, diesel price relief
2 years, 5 months ago

Petrol, diesel price relief

Hindustan Times  

One litre of petrol was available at ₹106.31 while a litre of diesel was priced at ₹94.27 a litre, on Friday, the day after the Maharashtra government reduced Value Added Tax on petrol and diesel. Prices of petrol and diesel per litre have reduced by ₹ 5.04 and ₹ 3.01 in Mumbai. Maharashtra chief minister Eknath Shinde on Thursday announced …

Maharashtra to cut petrol prices by ₹5/ litre and diesel prices by ₹3/litre
2 years, 5 months ago

Maharashtra to cut petrol prices by ₹5/ litre and diesel prices by ₹3/litre

Hindustan Times  

Maharashtra chief minister Eknath Shinde on Thursday announced that the state government had decided to cut value added tax on petrol prices by ₹5 per litre and diesel by ₹3 per litre. Happy to announce that new Government under CM Eknathrao Shinde has decided to reduce Petrol & Diesel prices by ₹5/litre & ₹3/litre respectively,” Fadnavis later tweeted. “A decision …

Petrol & diesel to get cheaper in Maharashtra: CM Eknath Shinde in Assembly
2 years, 5 months ago

Petrol & diesel to get cheaper in Maharashtra: CM Eknath Shinde in Assembly

Hindustan Times  

Hours after establishing a majority in the floor test, Maharashtra chief minister Eknath Shinde on Monday announced relief in petrol and diesel prices in the coming days. Maharashtra Chief Minister Eknath Shinde speaks during a special session of the State Legislative Assembly. “A decision to reduce VAT on fuel will be taken soon to provide relief to the people of …

Petrol, diesel to get cheaper in Maharashtra as CM Eknath Shinde announces tax cut
2 years, 5 months ago

Petrol, diesel to get cheaper in Maharashtra as CM Eknath Shinde announces tax cut

Firstpost  

Maharashtra will reduce the Value Added Tax on fuel, bringing down the prices in the state, said new chief minister Eknath Shinde in one of his first decisions after winning the trust vote The Maharashtra Government will reduce value-added tax on fuel soon, Chief Minister Eknath Shinde informed the state Assembly on Monday. — Eknath Shinde - एकनाथ शिंदे July …

Maharashtra govt to reduce VAT on fuel soon, says CM Eknath Shinde
2 years, 5 months ago

Maharashtra govt to reduce VAT on fuel soon, says CM Eknath Shinde

India TV News  

Highlights Petrol to get cheaper in Maharashtra after CM Eknath Shinde announces state will reduce VAT on fuel A decision to reduce VAT on fuel will be taken in the state cabinet soon, he said When Central govt comes with any state govt, speed of development increases multifold, Shinde said The Maharashtra government led by the Shiv Sena and BJP …

Sri Lanka runs out of fuel, only essential services to operate from midnight till July 10
2 years, 5 months ago

Sri Lanka runs out of fuel, only essential services to operate from midnight till July 10

India TV News  

Highlights Sri Lankan government announced only essential services will operate from midnight till July 10 Other operations will be temporarily suspended, crisis-hit nation's govt said, amid economic crisis Prime Minister Wickremesinghe said India would not be able to keep Sri Lanka afloat for too long Sri lanka economic crisis: The Sri Lankan government announced on Monday that only essential services …

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty; Check Fuel Prices Today
2 years, 6 months ago

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty; Check Fuel Prices Today

News 18  

Petrol, Diesel Prices on Tuesday: Fuel prices continue their steady streak for the 24th day in a row on Tuesday, June 13. Prices of petrol and diesel have remained steady since the central government announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel earlier in May. The Kerala government …

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty; Check Fuel Prices Today
2 years, 6 months ago

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty; Check Fuel Prices Today

News 18  

Petrol, Diesel Prices on Thursday: The prices of petrol and diesel were kept unchanged by the OMCs for the eighteenth day straight on Thursday. In Chennai, the petrol price is Rs 102.63 per litre, while diesel retail price stands at Rs 94.24 per litre in the capital city of Tamil Nadu. After the Centre relaxed the Excise Duty on fuel …

Petrol, Diesel Become Cheaper Post Excise Duty Cut; Check City-wise Fuel Rates Today
2 years, 6 months ago

Petrol, Diesel Become Cheaper Post Excise Duty Cut; Check City-wise Fuel Rates Today

News 18  

Petrol, Diesel Prices on June 1: The prices of petrol and diesel were kept unchanged by the OMCs for the tenth day running on Wednesday. The sharp fall in prices was seen after, finance minister Nirmala Sitharaman had announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel earlier this month. …

Tamil Nadu: BJP President holds rally in Chennai demanding DMK to reduce VAT on petrol, diesel
2 years, 6 months ago

Tamil Nadu: BJP President holds rally in Chennai demanding DMK to reduce VAT on petrol, diesel

India Today  

Tamil Nadu BJP president Annamalai held a rally in Chennai on Tuesday demanding the DMK government to honour its 2021 poll promise by effecting a cut in the prices of petrol by an additional Rs 5 per litre and Rs 4 per litre for diesel and Rs 200 as a subsidy of LPG immediately. Annamalai told India Today, ‘’We are …

Data Point | Explaining India’s recent fuel tax cuts
2 years, 6 months ago

Data Point | Explaining India’s recent fuel tax cuts

The Hindu  

It’s a relief that the Union government has cut the fuel tax. A look at the developments that preceded the recent excise duty cuts: After weeks of incremental increases in fuel prices, Union Finance Minister Nirmala Sitharaman announced that the Union government is slashing fuel taxes. Her point was that the cut of Rs 8 per litre came from the …

Petrol, Diesel Prices Drop in Delhi, Mumbai Post Excise Duty Cut; Check Rates In Your City Today
2 years, 6 months ago

Petrol, Diesel Prices Drop in Delhi, Mumbai Post Excise Duty Cut; Check Rates In Your City Today

News 18  

Petrol, Diesel Prices Monday: Oil marketing companies have kept the prices of petrol and diesel unchanged on Monday, May 30, 2022. In Kolkata, the petrol price has been reduced to Rs 106.03 per litre after the excise duty cut, while the price of diesel now stands at Rs 92.76 per litre. The central government on May 21 cut excise duty …

Fuel Prices Drop After Excise Duty Cut; Check Petrol, Diesel Price in Your City Today
2 years, 6 months ago

Fuel Prices Drop After Excise Duty Cut; Check Petrol, Diesel Price in Your City Today

News 18  

Petrol, Diesel Prices on Wednesday: Third day in a row the prices of petrol, and diesel were kept unchanged on Wednesday after the finance minister Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel on Saturday. Following the central govwenment’s announcement on excise duty cut, the Kerala government …

Petrol, Diesel Prices Drop After Excise Duty Cut: Know How Much Tax You Pay On Fuel Now
2 years, 6 months ago

Petrol, Diesel Prices Drop After Excise Duty Cut: Know How Much Tax You Pay On Fuel Now

News 18  

Though the Centre has cut the excise duty on petrol and diesel thus bringing down the retail prices of the fuels, states, except a few, have not yet followed the suit. Here’s the full break-up of taxes one pays on petrol and diesel: Following the excise duty cut, the price of petrol in Delhi on Tuesday stood at Rs 96.72 …

Petrol, Diesel Price Today: Fuel Prices Drop Sharply Post Excise Duty Cut; Know Rates
2 years, 7 months ago

Petrol, Diesel Price Today: Fuel Prices Drop Sharply Post Excise Duty Cut; Know Rates

News 18  

Petrol, Diesel Prices Today: Fuel prices remained unchanged on Monday. Finance minister Nirmala Sitharaman had announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel on Saturday. So, in Mumbai, petrol is retailing at Rs 111.35 per litre after the latest excise duty cut, while diesel is being sold at …

India trims taxes on fuel, commodities to fight inflation
2 years, 7 months ago

India trims taxes on fuel, commodities to fight inflation

Al Jazeera  

The steps will lead to a drop in annual revenues due to lower collections, raising concerns on India’s fiscal deficit. Finance Minister Nirmala Sitharaman announced on Saturday a cut in excise duty on petrol by 8 rupees per litre and 6 rupees per litre on diesel. The new tax regime on petrol and diesel could result in the government losing …

BJP, TRS square off again on diesel, petrol prices
2 years, 7 months ago

BJP, TRS square off again on diesel, petrol prices

Deccan Chronicle  

HYDERABAD: The move to reduce Central excise on petrol and diesel by the BJP-ruled Central government has sparked a fresh battle over the prices of these two fuels in Telangana between the state Bharatiya Janata Party unit and the ruling Telangana Rashtra Samiti. The BJP, on Sunday, led by its state president Bandi Sanjay Kumar and Union minister G. Kishan …

Many States reluctant to cut fuel tax
2 years, 7 months ago

Many States reluctant to cut fuel tax

The Hindu  

The Maharashtra government pared its value added tax levies on petrol and diesel by ₹2.08 and ₹1.44 per litre respectively on Sunday, a day after criticising the Centre for offering minimal tax cuts after drastic hikes over its tenure, a sentiment echoed by most Opposition-ruled States. After announcing the excise duty cuts on petrol and diesel of ₹8 and ₹6 …

Maha, Kerala, Raj Reduce VAT on Petrol, Diesel After Centre Cuts Excise Duty
2 years, 7 months ago

Maha, Kerala, Raj Reduce VAT on Petrol, Diesel After Centre Cuts Excise Duty

News 18  

Maharashtra, Rajasthan and Kerala have decreased VAT on petrol and diesel after Finance Minister Nirmala Sitharaman’s call to provide further relief to consumers following a cut in excise duty by the Centre, though some other states appeared reluctant citing their inability to take more strain on revenue. State Finance Minister Palanivel Thiaga Rajan said the central government had never consulted …

Fuel price cut: Nirmala Sitharaman rebuts Opposition flak, says move does not impact states' tax share
2 years, 7 months ago

Fuel price cut: Nirmala Sitharaman rebuts Opposition flak, says move does not impact states' tax share

Firstpost  

This comes after former Union finance minister P Chidambaram and other Opposition leaders stated that the reduction in excise duty announced on Saturday evening would reduce the share of states in Central taxes New Delhi: Finance Minister Nirmala Sitharaman on Sunday rebutted the Opposition’s criticism of excise duty cut impacting share of states in central taxes, saying the Rs 8 …

Not fair or reasonable to expect States to reduce taxes on fuel, says T.N. Finance Minister
2 years, 7 months ago

Not fair or reasonable to expect States to reduce taxes on fuel, says T.N. Finance Minister

The Hindu  

Tamil Nadu is unlikely to further reduce taxes on fuel. Indicating this, State Finance Minister Palanivel Thiaga Rajan on Sunday pointed out the reduction in excise duty on petrol and diesel announced by Finance Minister Nirmala Sitharaman on Saturday would result in an additional loss of around ₹800 crore in annual revenue for Tamil Nadu. Therefore, he argued, it was …

Uttar Pradesh, other States should slash VAT on petrol, diesel: BSP chief Mayawati
2 years, 7 months ago

Uttar Pradesh, other States should slash VAT on petrol, diesel: BSP chief Mayawati

The Hindu  

With the Centre slashing the excise duty on petrol and diesel, Bahujan Samaj Party chief Mayawati on May 22 said it was the duty of not only Uttar Pradesh but also of other States to immediately announce a cut in VAT on fuel. Petrol price on May 22 was slashed by ₹8.69 a litre and that of diesel by ₹7.05 …

Petrol, Diesel Prices: Rajasthan, Odisha, Kerala Cut VAT on Fuel; Check Latest Rates
2 years, 7 months ago

Petrol, Diesel Prices: Rajasthan, Odisha, Kerala Cut VAT on Fuel; Check Latest Rates

News 18  

After the central government cut excise duty on petrol and diesel to cool the prices of auto fuel, several states are also following the suit by reducing value-added tax. The Centre has cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre. The Kerala government has announced to cut …

The big picture on fuel taxation
2 years, 7 months ago

The big picture on fuel taxation

Hindustan Times  

Prime minister Narendra Modi’s remarks on April 27, where he named some non-Bharatiya Janata Party ruled states and asked them to bring down taxes on petrol-diesel have expectedly created a political controversy. Data from the ministry of petroleum shows that most BJP ruled states seem to have a lower tax on petrol and diesel than the states Mr Modi named …

On Burning Issue of VAT on Fuels, Oppn Says Not Right to Blame States; Hardeep Puri Quips ‘Truth Hurts’
2 years, 7 months ago

On Burning Issue of VAT on Fuels, Oppn Says Not Right to Blame States; Hardeep Puri Quips ‘Truth Hurts’

News 18  

Opposition leaders have reacted sharply to Prime Minister’s comments during a live telecast on Wednesday on states not reducing VAT on petrol and diesel despite the Centre slashing excise duty. Former finance minister P Chidambaram said on Thursday it would be interesting to know why the finance ministry “embarrassed” PM Modi by putting out the information on the day he …

Opposition irked by PM Modi’s VAT remark
2 years, 7 months ago

Opposition irked by PM Modi’s VAT remark

The Hindu  

Opposition leaders on Wednesday reacted sharply to Prime Minister Narendra Modi’s comments that States ruled by them had not reduced value added tax on petrol and diesel despite the Centre slashing excise duty and they should do so at the earliest in order to benefit the consumers. The West Bengal Chief Minister claimed that the Centre owed ₹97,000 crore to …

'PM Abdicates Responsibility': Rahul, Mamata on Modi's High Fuel Prices Jibe
2 years, 7 months ago

'PM Abdicates Responsibility': Rahul, Mamata on Modi's High Fuel Prices Jibe

The Quint  

"PM Modi is particularly quoting only Opposition-ruled states to reduce taxes on fuel. Jharkhand Health Minister Banna Gupta pointed out that the meeting, which was held to review the COVID-19 situation in the country, had "turned out to be a political meeting." Meanwhile, Telangana Chief Minister K Chandrasekhar Rao was quoted as saying, "Why can't the Centre cut taxes instead …

Modi asks states to cut VAT on fuel ‘in national interest’
2 years, 7 months ago

Modi asks states to cut VAT on fuel ‘in national interest’

Live Mint  

Prime minister Narendra Modi on Wednesday urged state governments to lower value added tax on petrol and diesel. The prime minister said Gujarat and Karnataka lost over ₹4,000 crore and ₹5,000 crore, respectively since November on account of lowering of taxes. Last November, after the Centre’s decision to lower excise duty on petrol and diesel by ₹5 and ₹10 per …

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