J&K slashes VAT on fuel price; LG Sinha calls it Modi’s ‘Deepawali gift’

Jammu and Kashmir administration on Thursday reduced 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 and diesel,” the office of Lt Governor of J&K 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 ₹12/litre and diesel by Rs.17/litre in UT from today,” it added.