Chandigarh reduces VAT on petrol, diesel by Rs 7 a litre after Centre’s excise duty cut

With the Centre slashing excise duty on petrol and diesel, the Chandigarh Administration has also announced a reduction of Rs 7 per litre in value-added tax (VAT) on the fuels making them cheaper in the Union Territory. “After the Centre cut levy on petrol and diesel, Chandigarh Administration has reduced VAT by Rs 7 on petrol and diesel with effect from midnight of November 4,” an official statement said.

As per the notification issued by the Department of Excise and Taxation, UT Chandigarh, on Thursday, the VAT percentage on petrol has been reduced from 22.45 per cent to 15.24 per cent and on diesel from 14.02 per cent to 6.66 per cent.