Uttarakhand Becomes Fourth State To Reduce Value Added Tax On Petrol And Diesel

Uttarakhand Becomes Fourth State To Reduce Value Added Tax On Petrol And Diesel

Uttarakhand Finance Minister Prakash Pant announced on Wednesday that the state government has decided to cut the cess and Value Added Tax on fuel by 2% each, ANI reported.

The move comes after three other states, Maharashtra, Gujarat and Himachal Pradesh, cut Value Added Tax on fuel on Tuesday. While in Gujarat it was lowered by 4%, Maharashtra cut the price on petrol and diesel by Rs 2 and Re 1 per litre. Congress-ruled Himachal Pradesh had announced a 1%-reduction on Value Added Tax.

The announcements come days after the Centre had asked all state governments to cut the Value Added Tax – an additional state levy – on fuel by 5%. “We urge states to take responsibility, just like the Centre did, in the direction of consumer interest,” Minister for Petroleum and Natural Gas Dharmendra Pradhan had said.  Read More…

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