APN News

  • Wednesday, October, 2021| Today's Market | Current Time: 10:16:01
  • The Andhra Pradesh government has announced a 2 rupees cut in VAT on petrol and diesel to check the mounting prices of the fuels.

    Chief Minister N Chandrababu Naidu announced the reduction in Value Added Tax in the state assembly today.

    He said the state government was currently levying 4 rupees per litre VAT on petrol and diesel.

    Mr Naidu said, the state would have to forego a revenue of 1,120 crore rupees due to the measure.

    A day before the opposition-sponsored Bharat Bandh
    against rising fuel prices, Rajasthan had slashed the VAT on petrol and diesel.

    Chief Minister Vasundhara Raje yesterday announced a 4 per cent reduction which brought the prices of the two commodities down by 2.5 rupees per litre.