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Petroleum Minister Urges States To Cut VAT To Bring Down Fuel Prices

Petroleum Minister Hardeep Puri has urged states to chop VAT to deliver down gas costs


Amid outcry over excessive gas costs, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Thursday stated the Union authorities has been interesting to states to chop VAT on petrol and diesel for giving reduction to shoppers.

Mr Puri was on a day-long go to to Mahasamund, designated as `aspirational district’ underneath a Central scheme, in Chhattisgarh to take inventory of varied authorities schemes as a part of the nationwide “samajik nyay pakhwada” (social justice fortnight) celebrations referred to as by Prime Minister Narendra Modi.

Asked by reporters concerning the rising costs of petrol and diesel, the minister stated, “Our effort is to maintain the costs underneath management, due to this fact the Centre slashed excise obligation on petrol and diesel final 12 months and requested the state authorities to do the identical.

“In Chhattisgarh, VAT on petrol and diesel is 24 p.c and whether it is lowered to 10 p.c, the costs will mechanically fall… When the consumption is rising, even 10 p.c (VAT) is an excessive amount of,” he added.

All BJP-ruled states have lowered VAT on petrol and diesel, Mr Puri identified.

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