Petrol, diesel excise duty cut: 9 NDA-ruled states slash VAT on fuel; check out details

Taking a leaf from the Centre, nine NDA-ruled states brought down the Value Added Tax (VAT) on petrol and diesel on Wednesday, November 3.

Facing intense heat over rising fuel prices across the country, the central government, on Wednesday, slashed the excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively, giving respite to the common man reeling under the impact of skyrocketing fuel prices.

Following the decision, the state governments also reduced the petrol and diesel prices in their respective territories by cutting the VAT attached to the fuel rates.

Also Read: Centre's excise duty cut on petrol, diesel to cost Rs 60,000 crore to the exchequer

Below mentioned are the states which reduced the VAT: -

The Assam government on Wednesday cut the VAT on petrol and diesel by Rs 7. The Bihar government too announced that it is slashing the VAT on petrol by Rs 1.30 and diesel by Rs 1.90.

The Karnataka government also announced its decision to cut VAT on petrol and diesel by Rs 7.

"Karnataka state government has decided to reduce the price of diesel and petrol by Rs 7 per litre. This will lead to a loss of Rs 2,100 crore to the exchequer," Karnataka CM Basavaraj Bommai tweeted on Wednesday.

He further added that petrol will be priced at an estimated Rs 95.50 per litre in the state, whereas diesel will cost Rs 81.50 a litre.

Assam chief minister Himanta Biswa Sarma also took to Twitter to say, "In consonance with the decision of Hon'ble PM @narendramodi, I am pleased to announce that Assam Govt will also reduce VAT on petrol and diesel each by Rs 7/- with immediate effect."

"In Bihar there will be further reduction of state VAT by Rs 1.3 on petrol and Rs 1.90 on diesel apart from Rs 5 & Rs 10 reduction on excise duty. Effectively petrol will be cheaper by Rs 6.30 & diesel by Rs 11.90 in Bihar," BJP Rajya Sabha MP and former Bihar deputy chief minister Sushil Kumar Modi tweeted.

The Goa government too introduced an addition cut of Rs 7 on petrol and Rs 7 on diesel, thus slashing the price of diesel by Rs 17 per litre and petrol by Rs 12 a litre.

Also Read: Fuel to get cheaper; excise duty on petrol cut by Rs 5, diesel by Rs 10

Tripura CM Biplab Deb also announced a cut of Rs 7 per litre each for petrol and diesel.

Uttarakhand CM Pushkar Singh Dhami too announced a reduction of Rs 2 per litre on petrol. He, however, did not talk anything about any cut in the price of diesel.

Himachal Pradesh CM Jairam Thakur said that his government will announce a cut in petrol and diesel prices soon.

Manipur CM N Biren Singh said that his government will also cut VAT on petrol and diesel each by Rs 7 per litre with immediate effect.

The Uttar Pradesh (UP) government also slashed VAT on petrol and diesel, which will lead to a reduction in the prices of petrol and diesel by Rs 12 per litre in the state.

Kerala finance minister KN Balagopal on Wednesday said the Centre's decision to cut excise duty on petrol and diesel by a "small margin" of Rs 5 and Rs 10 per litre respectively was "a temporary measure to save face."