Uttar Pradesh slashes petrol, diesel prices by Rs 12
Business | November 04, 2021 6:32 IST"The state government has decided to reduce the VAT by Rs 7 and Rs 2 respectively on petrol and diesel," Additional Chief Secretary Navneet Sehgal said
"The state government has decided to reduce the VAT by Rs 7 and Rs 2 respectively on petrol and diesel," Additional Chief Secretary Navneet Sehgal said
After Assam, Tripura Chief Minister Biplab Kumar Deb on Wednesday announced that petrol and diesel prices in the state will be reduced by Rs 7 effective from November 4 (Thursday).
After the Centre on Wednesday reduced excise duty on petrol and diesel, Assam Chief Minister Himanta Biswa Sarma has announced a reduction in VAT on fuel by Rs 7 with immediate effect.
Petrol and Diesel prices have been cut across the country after the central government reduced excise and states slashed VAT charges. Excise duty has been reduced by Rs 5 on petrol and Rs 10 on diesel while deduction in VAT varies from state to state.
The petrol and diesel prices in the national capital today are Rs 110.04 and Rs 98.42 per litre respectively
Petrol and diesel have been priced at Rs 110.49 and Rs 101.56 per litre respectively in West Bengal's Kolkata and Rs 106.66 and Rs 102.59 per litre respectively in Chennai.
The Central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.
The Central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.
A total of 664 vehicles, including over 10-year-old diesel-driven and over 15-year-old petrol driven, were impounded between January and October 20 this year.
The central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.
The protest will witness events like 'Padayatra' being taken out by the Congress leaders in their respective areas.
Petrol in Delhi now costs Rs 107.24 a litre and diesel comes for Rs 95.97, according to a price notification of state-owned fuel retailers.
On Monday, a source said the Ministry of Petroleum and Natural Gas recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries.
Rs 2-3 per litre cut in excise duty on petrol and diesel might be announced as a shield to prevent a further spike in prices of fuels.
The central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.
Priyanka Gandhi Vadra's attack on the Modi government came over auto fuels now costing a third more than the rate at which aviation turbine fuel (ATF) is sold to airlines.
Petrol and diesel prices hiked by 0.31 to 0.37 paisa on Thursday after a pause of two straight days. In the national capital, petrol and diesel rates jumped 35 paise to cost ₹ 104.79 and ₹ 93.52 per litre respectively, according to Indian Oil Corporation.
The minister said Assam is among states that have the least VAT (value-added tax) on petrol.
Petrol price was hiked by 30 paise per litre and diesel by 35 paise a litre, according to a price notification of state-owned fuel retailers
According to 'winter action plan' issued by Gautam Buddh Nagar district administration, 'police have been asked to ensure that vehicles not destined for Noida or Greater Noida use bypasses or peripheral expressways.'
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