West Bengal third state to cut VAT on petrol, diesel
6 years, 4 months ago

West Bengal third state to cut VAT on petrol, diesel

Live Mint  

New Delhi: After the Centre made it clear that is in no mood to cut the central excise duty on petrol and diesel, political pressure is now building up on state governments to cut local sales tax or VAT on fuel. The very next day, Andhra Pradesh Chief Minister N. Chandrababu Naidu followed in Raje’s footsteps to reduce fuel prices by ₹ 2 a litre. Ahead of Lok Sabha elections next year and assembly elections in several states, pressure is now building up on other state governments to cut fuel prices. As a result of rising global crude oil prices and a falling rupee, petrol and diesel prices continue to be at all-time record highs in India.

History of this topic

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