Chhattisgarh slashes VAT on diesel, petrol. Check details | Latest News India - Hindustan Times
close_game
close_game

Chhattisgarh slashes VAT on diesel, petrol. Check details

Written by Shubhangi Gupta | Edited by Meenakshi Ray, Hindustan Times, New Delhi
Nov 22, 2021 05:56 PM IST

On November 3, the central government slashed excise duty on petrol and diesel by ₹5 and ₹10 per litre, respectively.

The Chhattisgarh government on Monday slashed the value added tax (VAT) on petrol and diesel by 1 per cent and 2 per cent respectively. Notably, the decision was taken during the cabinet meeting chaired by chief minister Bhupesh Baghel, news agency PTI quoted a government official as saying.

Chhattisgarh slashes VAT on diesel, petrol. Check details(AFP File Photo)
Chhattisgarh slashes VAT on diesel, petrol. Check details(AFP File Photo)

“Chief Minister Bhupesh Baghel-led cabinet has decided to cut the prices of petrol and diesel. VAT on diesel and petrol has been reduced by 2 per cent and 1 per cent respectively. The state government will bear the loss of about 1,000 cr..” the chief minister's office (CMO) tweeted.

Hindustan Times - your fastest source for breaking news! Read now.

With this, the price of petrol will come down by 70 paise and that of diesel by 1.36, a press note issued by public relations department stated.

On November 3, the central government slashed excise duty on petrol and diesel by 5 and 10 per litre, respectively. Following this, BJP-ruled states, Punjab and Odisha reduced VAT on fuel to further reduce the prices.

On November 16, the Congress-ruled state of Rajasthan slashed VAT on fuels, making petrol cheaper by 4 per litre and diesel by 5 per litre. 

“In the cabinet meeting today, it was unanimously decided to reduce the rate of VAT on petrol/diesel. After this, the rates will be reduced by 4 per litre in petrol and 5 per litre in diesel from 12 o’clock tonight,” state chief minister Ashok Gehlot tweeted.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Mukhtar Ansari Death News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On