Another BJP-ruled state slashes VAT on petrol and diesel

Another BJP-ruled state slashes VAT on petrol and diesel, tfcmedia

Following central government’s request, another BJP ruled state, Madhya Pradesh state government has slashed VAT on petrol and diesel. The state government has reduced 5 percent VAT on diesel and 3 percent on petrol, new prices will come into effect from midnight, Chief Minister Shivraj Singh Chouhan told news agency ANI. With this move, Madhya Pradesh became the fifth state to bring down the tax on petroleum products. The central government already cut down excise duty on petrol and diesel by Rs 2 a litre. Recently, three BJP-ruled states… Gujarat, Maharashtra and Uttarakhand have cut the state tax. Now Madhya Pradesh came forward to reduce VAT on petrol and diesel.

Already Gujarat, Maharashtra Uttarakhand (BJP ruled states) and Himachal Pradesh (Ruled by Congress) have cut VAT on the fuel. Speaking to the media, Madhya Pradesh CM Shivraj Singh Chouhan said, “We have reduced 5% VAT on diesel and 3% VAT on petrol, new prices will come into effect from midnight. The Union Oil Minister urged the state governments to reduce the burden from consumers by bringing down the tax. He also said that every state has different VAT rates on fuel and if each of them reduces by 5 percent, consumers will benefit.