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Three states cut VAT on fuels

The move follows the Centre cutting excise duty on petrol and diesel by Rs 2 per litre last week

Press Trust of India  |  Mumbai 

Petrol prices

Maharashtra, and on Tuesday reduced value-added tax (VAT) on and The move follows the Centre cutting excise duty on and by Rs 2 per litre last week. in will be cheaper by Rs 2 and by Rs 1 per litre from Wednesday. Finance Minister Sudhir Mungantiwar said the decision would cause an annual revenue loss of Rs 2,000 crore to the state exchequer but “the government is ready to bear the additional financial burden despite Maharashtra's economy not being in a good shape.” cut VAT on and by 4 per cent.

The effective price of in will be Rs 67.53 a litre and that of Rs 60.77 per litre, Chief Minister Vijay Rupani said. “We have taken this decision in the interest of the people. The decision should not be considered to have any links with the polls. This is only aimed at giving relief to the people and it is a permanent decision.” The Himachal government reduced VAT on and by 1 per cent, said Chief Minister Virbhadra Singh.

First Published: Wed, October 11 2017. 01:18 IST