Petrol diesel price maximum cut vat details | Here the maximum cut in petrol prices, know where the rates were reduced

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Here the maximum cut in petrol prices, know where the rates were reduced

New Delhi: In which state the maximum reduction in petrol prices was done and where diesel prices have been cut the most, we will inform you in this news. Congress-ruled Punjab has seen the maximum reduction in petrol prices. Punjab has become the state with the biggest cut in petrol prices after the state government reduced the local sales tax or value added tax (VAT). On the other hand, the Union Territory of Ladakh has seen the maximum reduction in diesel price. After the central government cut excise duty on petrol by Rs 5 per liter and diesel by Rs 10 per liter, 25 states and union territories have reduced VAT on vehicle fuel.

This has given some respite to the consumers from the high prices of petrol, diesel which have reached a record high. According to the price cut details provided by the public sector petroleum companies, the price of petrol has come down by Rs 16.02 per liter after deduction of excise duty and VAT. At the same time, diesel prices have come down by Rs 19.61 per litre.

Petrol price lowest in Punjab

In Punjab, the price of petrol has decreased the most by Rs 16.02 per liter. Petrol has become cheaper by Rs 13.43 per liter in Ladakh and Rs 13.35 per liter in Karnataka. Assembly elections are due in Punjab next year. VAT on petrol has been reduced by Rs 11.27 per liter in Punjab. Whereas in Uttar Pradesh it has been cut by Rs 6.96 per liter. There are assembly elections in Uttar Pradesh also next year. VAT on petrol in Gujarat has been reduced by Rs 6.82 per liter. On the other hand, Odisha has cut sales tax by Rs 4.55 per liter and Bihar by Rs 3.21 per liter.

The biggest reduction in diesel prices in Ladakh

The maximum reduction in diesel prices has come in Ladakh. Apart from reduction of excise duty on diesel by Rs 10 per liter in Ladakh, VAT has also been reduced by Rs 9.52 per liter. Karnataka has reduced VAT on diesel by Rs 9.30 and Puducherry by Rs 9.02 per litre. Punjab has reduced VAT on diesel by Rs 6.77 while Uttar Pradesh has cut it by Rs 2.04 per litre. Uttarakhand has reduced VAT on diesel by Rs 2.04 and Haryana has also reduced VAT by Rs 2.04 per litre. Bihar has reduced VAT on diesel by Rs 3.91 and Odisha by Rs 5.69 per litre. Madhya Pradesh has cut tax on diesel by Rs 6.96 per liter.

These states cut VAT

States/UTs that have cut VAT on vehicle fuel include Ladakh, Karnataka, Puducherry, Jammu & Kashmir, Sikkim, Mizoram, Himachal Pradesh, Daman & Diu, Dadra & Nagar Haveli, Chandigarh, Assam, Madhya Pradesh, Tripura , Gujarat, Nagaland, Punjab, Goa, Meghalaya, Odisha, Arunachal Pradesh, Manipur, Andaman and Nicobar, Bihar, Uttarakhand, Uttar Pradesh and Haryana. On the other hand, Rajasthan, Chhattisgarh, Maharashtra, Jharkhand and Tamil Nadu, ruled by Congress and its allies, have not yet cut VAT on vehicle fuel. Apart from this, AAP-ruled Delhi, Trinamool Congress-ruled West Bengal, Left-ruled Kerala, TRS-ruled Telangana and YSR Congress-ruled Andhra Pradesh have also not deducted VAT.

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