Jammu & Kashmir slashes VAT on fuel price; L-G calls it Modi’s ‘Deepawali gift’
The administration of the Union territory of Jammu & Kashmir on Thursday announced a reduction in Value Added Tax (VAT) on petrol and diesel by ₹7.
“PM @narendramodi has given a great Deepawali gift by announcing a reduction in excise duty on Petrol&Diesel,” the Office of Lieutenant Governor of Jammu & Kashmir tweeted from its official account.
“In addition, J-K admin has decided to reduce an additional Rs.7 on Petrol&Diesel, thereby reducing the Petrol price by Rs.12/litre and Diesel by Rs.17/litre in UT from today,” it added.
