Shimla: Following the Union government decision of reducing excise duty on petrol and diesel, the Himachal Pradesh government on Thursday has reduced the Value Added Tax (VAT) on petrol and diesel.
Himachal Chief Minister Jairam Thakur, on Twitter, revealed that his government has reduced the VAT and now Petrol is cheaper by ₹12 and diesel by ₹17 per litre in the state. CM twisted
As per the official notification, the state government has reduced the VAT in Petrol to 17.5 percent from 25 percent and 6 percent on Diesel from 14 percent.
Earlier, a day before Diwali, the Union Government has reduced excise duty on petrol by ₹5 and diesel ₹10 to bring down the prices of the two petroleum products. Following the soaring prices of crude in the international market, prices of Petrol and Diesel had been seeing an upward trend.