Petrol prices have been reduced the greatest in Punjab, which is governed by the Congress party. After the state government decreased the local sales tax or value added tax, Punjab has become the state with the most reduction in petrol costs (VAT). At the same time, the price of diesel in the Union Territory of Ladakh has been reduced to its lowest level. 25 states and union territories have decreased VAT on vehicle fuel after the national government dropped excise duty on petrol by Rs 5 per litre and diesel by Rs 10 per litre. As a result, customers have received some reprieve from the record-high prices of gasoline and diesel.

After deducting excise duty and VAT, the price of fuel has decreased by Rs 16.02 per litre, according to price cut details published by public sector petroleum companies. Diesel prices have fallen by Rs 19.61 per litre at the same time. The price of petrol has dropped the greatest in Punjab, by Rs 16.02 per litre. In Ladakh, petrol has dropped by Rs 13.43 per litre, while in Karnataka, it has dropped by Rs 13.35 per litre. Punjab is set to have elections next year.

In Punjab, the VAT on petrol has been lowered by Rs 11.27 per litre. In Uttar Pradesh, however, it has been reduced by Rs 6.96 per litre. The state of Uttar Pradesh will also hold elections next year. In Gujarat, the VAT on gasoline has been lowered by Rs 6.82 per litre. Odisha’s sales tax has been reduced by Rs 4.55 per litre, while Bihar’s has been reduced by Rs 3.21 per litre.

Diesel Price Cut

In Ladakh, the price of diesel has dropped the most. In Ladakh, the excise duty on fuel has been decreased by Rs 10 per litre, and the VAT has been reduced by Rs 9.52 per litre. Karnataka has lowered the VAT on diesel by Rs 9.30 per litre, while Puducherry has reduced it by Rs 9.02. Punjab has decreased diesel VAT by Rs 6.77 per litre, while Uttar Pradesh has reduced it by Rs 2.04 per litre. The VAT on fuel in Uttarakhand has been lowered by Rs 2.04 per litre, and the VAT on diesel in Haryana has also been decreased by Rs 2.04 per litre. Bihar has lowered the VAT on fuel by Rs 3.91 per litre, while Odisha has reduced it by Rs 5.69 per litre. The diesel tax in Madhya Pradesh has been reduced by Rs 6.96 per litre.

Ladakh, Karnataka, Puducherry, Jammu and Kashmir, Sikkim, Mizoram, Himachal Pradesh, Daman and Diu, Dadra and Nagar Haveli, Chandigarh, Assam, Madhya Pradesh, Tripura, Gujarat, Nagaland, Punjab, Goa, Meghalaya, Odisha, Arunachal Pradesh, Manipur, Andaman and Nicobar, Bihar, Uttarakhand, Uttar Pradesh,

At the same time, the Congress and its allies in Rajasthan, Chhattisgarh, Maharashtra, Jharkhand, and Tamil Nadu have failed to reduce VAT on car gasoline. Apart from that, the AAP-led Delhi government, the Trinamool Congress-led West Bengal government, the Left-led Kerala government, the TRS-led Telangana government, and the YSR Congress-led Andhra Pradesh government have all refused to deduct VAT.

The Shining Media

The Shining Media is an independent news website and channel, covering updates from the world of Politics, Entertainment, Sports, International, National, and a lot more.

By The Shining Media

The Shining Media is an independent news website and channel, covering updates from the world of Politics, Entertainment, Sports, International, National, and a lot more.

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