Gujarat Govt reduces VAT on Petrol and Diesel

     Written by : SMTV24x7 | Tue, Oct 10, 2017, 12:05 PM

Gujarat Govt reduces VAT on Petrol and Diesel by 4 %

Gujarat, OCT 10: In a move to offer relief for customers the Gujarat government on Tuesday has decided to reduce the value added tax (VAT) on petrol and diesel by 4 percent.state Chief Minister Vijay Rupani has confirmed the decision.

The reduction in tax comes as a big relief to consumers just before Diwali in the state and recently many people have complained against center and states for increasing the petrol prices. Recently the Central government has written to all the states to reduce the VAT on petrol and diesel by 5 % percent so that customers can be relived.



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 effective price of petrol in Gujarat from mid-night today will be Rs 67.53 per liter and that of diesel Rs 60 per liter.

CM has said that "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".

The Centre had recently brought down excise duty on petrol and diesel by Rs 2 per liter.