PATNA: Bihar chief minister Nitish Kumar on Sunday hinted about the possibility of a cut in the value-added tax (VAT) on petroleum products after the Central government slashed the excise duty on petrol and diesel by ₹8 and ₹6 respectively on Saturday.
Talking to media persons after meeting with Janata Dal (United) workers in the party office, Kumar said it was a matter of pleasure that the Central government had reduced the excise duty on petrol and diesel. “We will discuss the issue (about reducing the state’s taxes). Last time (in November 2021) we had cut down the tax (VAT). I had already said that we will reconsider it (reducing the VAT) once the Centre announced the relief. Now, that the Centre has done it, we will discuss it (in the cabinet),” said the CM.
The Centre’s announcement to slash the excise duty has brought down the petrol price to ₹107.24 per litre on Sunday in Patna vis-à-vis ₹116.75 a day ago. Similarly, diesel price has dropped to ₹94.04, which is ₹7.51 less than a day ago.
