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Old 4th October 2017, 19:14   #6136
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Default Re: The Official Fuel Prices Thread

A day after slashing excise duty on petrol and diesel prices by Rs 2 per litre, the Centre now plans to write to all state chief ministers to cut tax on fuel.


http://indiatoday.intoday.in/story/e...1/1061169.html
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Old 10th October 2017, 21:39   #6137
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Default Re: The Official Fuel Prices Thread

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Originally Posted by sumeethaldankar View Post
A day after slashing excise duty on petrol and diesel prices by Rs 2 per litre, the Centre now plans to write to all state chief ministers to cut tax on fuel.
As the saying goes, "Charity begins at home".

Gujarat and Maharashtra have reportedly reduced the prices of petrol and diesel by employing different methods. While the former has given up 4% VAT, the latter has preferred to bring down the prices by a fixed margin. Either ways, the customer will find some much needed relief.

Quote:
In a relief to the citizens of Maharashtra and Gujarat just ahead of Diwali, the two states have slashed value added tax (VAT)on petrol and diesel. The Gujarat government on Tuesday reduced the VAT on petrol and diesel by 4 percent, becoming the first state to announce a reduction in VAT while, the Maharashtra Cabinet has decided to slash prices of petrol and diesel by Rs 2 and Re 1 respectively, effective midnight.

The effective price of petrol in Gujarat from mid-night today will be Rs 66.53 per litre and that of diesel Rs 60.77 per litre... With this rate cut, the price of petrol will come down by Rs 2.93 and that of diesel by Rs 2.72 in the state....
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