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VAT News

03 Feb 2023

Bad News! This State Govt Imposes 90 Paise / Litre VAT on Petrol, Diesel

Notably, with this move, cash-strapped Punjab state government is eyeing to mop up additional revenue. This is the first tax on fuel imposed after the Aam Aadmi Party came to power last year.

08 Jan 2023

Diesel gets costlier as THIS State govt increases VAT; know details here

The price of diesel will likely increase by about Rs 3 per litre as a result of the VAT increase. On the other hand, the VAT on gasoline has also been decreased by about 0.55 paise.

Petrol-Diesel Rate

15 Dec 2022

Petrol prices still high in your city? Centre blames THESE for costly fuel

Six non-BJP-ruled states - West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala, and Jharkhand - have not reduced the VAT on petroleum products. Following Central govt. reduced in excise duty, states reduced their Value Added Tax (VAT). Petroleum Minister Hardeep Singh Puri said on Thursday in Lok Sabha.

30 Jul 2022

'Won't increase VAT on petrol and diesel BUT...': UP CM Yogi Adityanath

Uttar Pradesh CM Yogi Adityanath on Friday said that the VAT on petrol and diesel is the lowest in the state He said there will be no increase in the VAT in the near future as well Adityanath also reviewed the updated status of revenue collection in the state

22 May 2022

Maharashtra reduces VAT on petrol & diesel prices after govt cuts excise duty

The Maharashtra government's action comes just a day after the Centre cut excise rates on gasoline and diesel by Rs 8 and Rs 6 per litre. The drop in excise duty resulted in fuel and diesel prices falling by Rs 9.5 and Rs 7 per litre.

29 Apr 2022

Govt would be happy to bring petrol, diesel under GST, states unwilling: Puri

Puri took a dig at the Opposition and said that the govt has "assumed its responsibility" in the fuel sector and the states should also take the onus on the issue of slashing the value-added taxes on petrol and diesel.

Mamata Banerjee

28 Apr 2022

‘Centre must reduce tax on ATF to bring down fares': Mamata Banerjee

CM Mamata tweeted, "Bengal govt has been proactive in slashing all levies to bring down airfares, while GoI is preaching free sermons without practising them."

28 Apr 2022

Centre should reduce VAT on imported oil, pay pending GST amount: Maharashtra

Flagging higher fuel prices in many opposition-ruled states, PM Modi had urged them to reduce VAT in "national interest" to benefit the common man.

28 Apr 2022

DNA Exclusive: Analysis of VAT on petrol, diesel in opposition-ruled states

PM Narendra Modi targeted the opposition-ruled states over higher fuel prices. He urged them to reduce VAT in the ‘national interest’ to benefit the common man. The PM asked those states to work in the spirit of cooperative federalism in this time of global crisis.

fuel price hike

27 Apr 2022

Fuel price hike: Congress attacks PM Modi for high excise duty

In an apparent reference to Russia-Ukraine conflict, PM Modi said the war has affected the supply chain "Excise Duty during Congress Government - Petrol - Rs 9.48/litre and Diesel - Rs 3.56/litre," tweeted Surjewala

27 Apr 2022

PM targets Opposition-ruled states over non-reduction in VAT

PM Modi raised the issue of many states not adhering to the Centre's call for reducing the Value Added Tax (VAT) on petrol and diesel after his government slashed excise duties on them in November last.

07 Apr 2022

Delhi govt collected Rs 28,573 crore as GST and VAT in 2021-22: Officials

The GST has several slabs for different goods and services. In Delhi, VAT is imposed on petroleum products and liquor.

Sri Lanka crisis

03 Apr 2022

Explained: The real cause behind Sri Lanka's ongoing economic crisis

Sri Lanka is facing one of its worst ever economic crises since its independence in 1948. Rising global oil prices have worsened Sri Lanka's economic problems. Sri Lanka has a modest USD 84 billion economy.

01 Dec 2021

Petrol price in Delhi slashed by Rs 8 effective midnight

Delhi has cheapest petrol price in the NCR now VAT reduced by more than 10%

16 Nov 2021

Petrol and diesel to be cheaper in Rajasthan from midnight

Petrol will be cheaper by Rs 4 Diesel will be cheaper by Rs 5

06 Nov 2021

After fuel price reduction, Maneka Gandhi urges Centre to lower LPG price

Centre slashed the excise duty on petrol and diesel by Rs 5 and Rs 10 respectively various BJP-ruled states too lowering the VAT on the two fuels

06 Nov 2021

22 states/UTs have lowered the VAT on petrol and diesel, says government

According to the ministry, 14 states/UTs have not implemented any VAT reductions in petrol and diesel. According to the ministry, the UT of Ladakh has seen the greatest fall in petrol costs, followed by Karnataka and Puducherry. According to the government, the UT of Ladakh has made the largest reductions in diesel prices, resulting in a drop of Rs 19.61 per litre.

05 Nov 2021

Rajasthan CM Ashok Gehlot urges PM to lower Excise Duty more on petrol, diesel

Finance Ministry on Wednesday announced a Rs 5 per litre cut in excise duty on petrol This is the first cut in central excise duties in over three years

30 Oct 2021

Liquor prices could increase in Delhi as new excise policy comes into effect

The excise duty and VAT have been subsumed in the licence fee. A nominal excise duty and VAT at the rate of 1 per cent each on wholesale price (WSP) will be levied. A similar impact is expected on ether categories of liquor as well, it pointed out.

20 Aug 2019

Petrol, diesel to cost more in Uttar Pradesh as govt hikes VAT

A litre of petrol will now cost 98 paisa more across the state while a litre of diesel has become dearer by Rs 2.35.

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