Madhya Pradesh Reveals Barrel, Cess Cut for Gas, Diesel
< img src ="https://timesnewsnow.com/wp-content/uploads/2021/11/Q9jk6U.jpg" class ="ff-og-image-inserted" > A day after the Union federal government slashed excise duty on fuel and diesel, Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Thursday announced a 4 per cent cut in the Worth Added Tax (VAT) and Rs 1.50 cut in the cess on the 2 fuels. As an outcome, the cost of fuel will come down to Rs 106.86 and that of diesel to Rs 90.95 per litre in the state capital Bhopal from Friday.In a quote to give relief to individuals regardless of monetary constraints, the state federal government has decided to cut barrel on fuel and diesel by four percent, a main release said. Besides, chief minister Chouhan likewise decided to slash by Rs 2 and Rs 1.50 the cess on gas and diesel, respectively, it added.The rates of the 2 fuels, hence, will be minimized by Rs 7 per litre, it added.The relief would leave a hole of Rs 1,948 crore in the state government’s coffers throughout
the remaining months of this financial, the release said.The rates of fuel and diesel stopped by Rs 6.27 and Rs 12.49 per litre, respectively, in Bhopal on Thursday morning following the Centre’s choice to cut import tax duty, Bhopal Petrol Pump Dealers Association secretary Nakul Sharma had told PTI previously in the day.The prices of gas and diesel fell to Rs 112.54 and Rs 95.39 per litre, he had said.Opposition Congress had asked the BJP federal government to take a hint from other
states and lower the barrel on fuel and diesel.Congress Rajya Sabha member Digvijaya Singh posted
a tweet with the hashtag”Modi hai to mahangai hai”, saying,”Thank you Modi-ji for Rs 5 reduction on petrol after raising the
main excise tax by almost Rs 35 per litre on gas and diesel. Keep raising it from tomorrow. “Madhya Pradesh Congress spokesman Bhupendra Gupta had stated the state federal government need to likewise reduce VAT on the fuels as the BJP-ruled states of Uttar Pradesh, Goa, Karnataka, Uttarakhand and Tripura have actually done.Read all the most recent News,
Breaking News and Coronavirus News here. Follow us on Facebook, Twitter and Telegram.Published at Thu, 04 Nov 2021 10:29:47 -0500
