BHUBANESWAR : To shore up revenues during the coronavirus-induced lockdown, the cash-strapped Odisha government has hiked value added tax (VAT) on petrol and diesel. As a result, the two fuels have now become costlier by ₹3.11 per litre and ₹1.03 per litre, respectively.
After the VAT hike, the retail sale price of petrol at Bhubaneswar is ₹71.69 per litre and diesel ₹67.73 per litre. The Odisha government has hiked VAT on petrol from 26% to 32% and on diesel from 26% to 28% with effect from Saturday midnight.
The collection of additional revenue would be utilised for delivery of services in health, education and other social sectors, a government statement said.
