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After Tamil Nadu, Puducherry cuts VAT on petrol by 3%, price to drop below Rs 100

Petrol currently retails at Rs 101.81 a litre and diesel costs Rs 92.73 in Puducherry.

August 26, 2021 / 08:43 AM IST
The territorial administration has cut value-added tax (VAT) on petrol by 3 percent.

The territorial administration has cut value-added tax (VAT) on petrol by 3 percent.

Puducherry government on August 25 announced a tax cut in petrol prices. The territorial administration has cut value-added tax (VAT) on petrol by 3 percent.

The decision on the reduction was taken by Chief Minister N Rangasamy at a meeting of the territorial cabinet earlier and was approved by Lieutenant Governor Tamilisai Soundararajan, said an official press release.

Read | Petrol, diesel prices on August 26: Fuel prices remain static; check rates in your city

With the cut, the price of petrol would be reduced by Rs 2.43 per litre in Puducherry and Karaikal regions.