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HomeNationalCM Nitish: How Much VAT Was Reduced on Petrol and Diesel in Bihar?

CM Nitish: How Much VAT Was Reduced on Petrol and Diesel in Bihar?

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Ever since the Center has reduced the excise duty on petrol and diesel, many state governments are also cutting VAT at their level. Now the Bihar government has also taken steps in this direction.

After the decision of the Central Government to give relief in the prices of diesel and petrol, it was decided by the State Government to reduce the rates of VAT at the state level to provide additional relief of Rs 3.90 per litre in diesel and Rs 3.20 per litre in petrol to the people. Is.

How Much Cheaper are Petrol and Diesel in Bihar?

For information, let us tell you that on Wednesday, the price of petrol in Patna was running at Rs 114.02 per litre, while diesel was being sold at Rs 105.29 per litre. But after the decision of the Center and the VAT cut by the state, these prices have come down considerably. But still, the rate of petrol remains more than Rs 100 per litre, while diesel has seen a good cut.

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What is the condition of other states?

Now before Bihar, Haryana and Odisha, governments have also given relief to the public. Additional VAT has been deducted from their side on petrol and diesel. Talking about Haryana, the prices of petrol and diesel have come down by Rs 12 there.

At the same time, VAT on petrol and diesel has been reduced by three rupees by the government in Odisha. It is being said that now petrol and diesel will be much cheaper in Odisha than in other states. But due to the reduction in VAT, the state government may suffer a loss of about Rs 1400 crore.

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Talking about the decision of the Central Government, it was decided to reduce the excise duty on petrol and diesel on the day of Chhoti Diwali. The Modi government had announced a reduction of excise duty on petrol and diesel by Rs 5 and Rs 10, respectively. Due to which their retail rates have come down drastically.

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OM Prakash
OM Prakash is Our Author at Spot News 18. He Loves to Write Meaningful Contents for Our Audience. He Is very Passionated about his Work.

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