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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