Madhya Pradesh govt cuts VAT on petrol and diesel

The Madhya Pradesh government today reduced the value-added tax (VAT) on petrol and diesel by 3 and 5 per cent, respectively.

The state government also withdrew the additional cess of Rs 1.50 per litre on diesel.

“The decision to cut the prices was taken to provide relief to the common man, besides keeping the needs of farmers in mind. The diesel price cut would also reduce the freight rates which would further bring down the prices of commodities,” Chouhan said.

Credits: http://www.moneycontrol.com/news/business/economy/madhya-pradesh-govt-cuts-vat-on-petrol-and-diesel-2412309.html

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