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Rajasthan govt announces 2% cut in VAT on petrol, diesel

The state finance department late Thursday issued orders, which came into effect from Thursday midnight. Chief Minister Ashok Gehlot said that despite the price of crude oil being at the lowest level for a long time at the international market, inflation is rising as prices of petrol and diesel are hovering at all-time high levels and the common man is facing economic difficulties.

January 29, 2021 / 12:02 PM IST
Representative image (Source: Reuters)

Representative image (Source: Reuters)

The Rajasthan government has reduced value-added tax (VAT) rate by two percent on petrol and diesel, giving people the much needed respite from rising fuel prices.

The state finance department late Thursday issued orders, which came into effect from Thursday midnight. Chief Minister Ashok Gehlot said that despite the price of crude oil being at the lowest level for a long time at the international market, inflation is rising as prices of petrol and diesel are hovering at all-time high levels and the common man is facing economic difficulties.

The price of branded or premium petrol price had crossed Rs 100-mark in Sriganganagar town of Rajasthan on January 27. Retail fuel prices vary from state to state depending on local sales tax or VAT.

The Chief Minister said in a statement that the government of India is currently charging an excise duty of Rs 32.98 per litre on petrol and Rs 31.83 per litre on diesel, which is excessive.