VAT On Petrol Diesle

Leader of Opposition in the Maharashtra Assembly Ajit Pawar on Thursday poohpoohed the reduction in Value Added Tax (VAT) on petrol and diesel in the state, saying it was too small.

Further reduction of State VATs on petrol and diesel across the country can certainly contribute to softening of the inflationary pressures as well as expectations: Shaktikanta Das

The structure of central levies on petrol and diesel needs a review followed by their inclusion in GST

Despite the tax reduction announced on Saturday, the rates were still high compared to 2014: Palanivel Thiaga Rajan

Bowing to public pressure, Finance Minister Nirmala Sitharaman on Saturday announced a Rs 8 per litre cut in excise duty on petrol and Rs 6 a litre on diesel to avoid increase in fuel prices

"Kerala government announces cut in tax on petrol and diesel by Rs 2.41 and Rs 1.36 respectively," state Finance Minister KN Balagopal said

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The grand-old party has been attacking the government for high taxes on fuel despite low international crude prices

Telangana Industry and Commerce Minister KT Rama Rao held Centre responsible for the rising prices of petrol and diesel

The minister also informed the house that fuel prices have gone up by over 50% in many countries but have remained stable and risen by a mere 5% in India during the pandemic

Oil marketing companies have kept the prices of diesel and petrol unchanged across major Indian cities since November 3, when the Centre and some states reduced duties on them.

Petrol price in Delhi hiked to Rs 72.46 per litre from Rs 71.86 on Sunday, while diesel rates increased to Rs 70.59 a litre from Rs 69.99