Gujarat govt slashes VAT on petrol, 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.
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
For all the Latest India News, Download News Nation Android and iOS Mobile Apps.
More from India
Do You Know....Ambedkar as a Social Scientist?
10th anniversary of Crimea: A Photo Exhibition was organized at the Russian House in New Delhi
GATORADE USES DATA TO UNLOCK URBAN PLAYGROUNDS, WITH THEIR INITIATIVE 'TURF FINDER'
News Nation Network Receives Prestigious Amity Corporate Excellence Award at INBUSH ERA Global Summit
Foreign Ministers of Finland and India Unveil a Logo Marking 75 Years of Diplomatic Ties