Rajasthan cuts petrol rate by ₹4/L, diesel by ₹5/L
The Hindu
This will result in annual revenue loss of ₹3,500 crore to the State
Amid pressure to reduce VAT after reduction in excise duty by the Centre on petrol and diesel, the Congress government in Rajasthan on November 16 night announced to slash VAT to make petrol and diesel cheaper by ₹4 per litre and ₹5 per litre. respectively, from midnight.
This will result in annual revenue loss of ₹3,500 crore to the State.
"In the cabinet meeting today, it was unanimously decided to reduce the rate of VAT on petrol/diesel. After this, the rates will be reduced by ₹4 per litre in petrol and ₹5 per litre in diesel from 12 o'clock tonight,” Chief Minister Ashok Gehlot tweeted.
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