After govt reduces excise duty, states slash VAT on fuel

Thursday, 4 November 2021Newsdesk

After the Centre reduced excise duty on fuel on Wednesday, several BJP-ruled states announced a further reduction of Rs 7 per litre on Value Added Tax (VAT) on both petrol and diesel.

New Delhi, 04 November2021

As per news report of The Indian Express, the Centre reduced the excise duty on petrol by Rs 5 and that on diesel by Rs 10, to be effective from Thursday.In a tweet late in the evening, Goa Chief Minister Pramod Sawant wrote, “The Modi Govt. has given a great Diwali gift to all Indians by announcing reduction in Excise Duty on Petrol and Diesel… In addition, Government of Goa shall reduce an additional Rs 7 on Petrol and Rs 7 on Diesel, thereby reducing the price of diesel by Rs 17 per litre and petrol by Rs 12 per litre.”

Source - The Indian Express