Gujarat govt slashes VAT on petrol, diesel by 4 per cent

Updated On : 10 Oct , 2017 , 06:56 PM
Gujarat govt slashes VAT on petrol, diesel by 4 precent
Gujarat govt slashes VAT on petrol, diesel by 4 precent
New Delhi:

Ahead of Assembly polls, Gujarat chief minister Vijay Rupani on Tuesday announced reduction in Value Added Tax (VAT) on petrol and diesel by 4 per cent.

While addressing a press conference, Rupani said: "After the central government's instructions, Gujarat has decided to reduce VAT on petrol and diesel by 4 per cent from today mid-night."

With this rate cut, the price of petrol will come down by Rs 2.93 and that of diesel by Rs 2.72 in the state, the chief minister said.

The effective price of petrol in Gujarat from mid-night today will be Rs 66.53 per litre and that of diesel Rs 60.77 per litre, the chief minister added.

Because of this move, the state government will suffer a loss of Rs 2,316 crore annually. "But we have taken this decision in the interest of people," Rupani said. (With PTI Inputs)

Also Read | Sonia Gandhi’s love for her son Rahul drowning Congress: Gujarat CM Vijay Rupani

First Published : Tuesday, October 10, 2017 11:03 AM

POPULAR TAGS:

Download the News Nation Mobile App and stay connected with top stories from India and around the world. Available on Android and iOS.