Puducherry reduces VAT on petrol, diesel by Rs 7
The AINRC-led NDA government in Puducherry on Thursday announced reduction in value added tax (VAT) on petrol and diesel by Rs 7 per litre which came into immediate effect.
Chief Minister N Rangasamy said that with the Centre slashing the excise duty on petrol by Rs 5 and on diesel by Rs 10, the territorial government decided to reduce the VAT on the petroleum products by Rs 7.
He hoped that this would benefit the public, farmers, industrialists and transport sector.
The VAT on petrol in Puducherry was 23 per cent which led to petrol being sold at Rs 107.79. The VAT has been reduced to 14.55 per cent and the price of petrol per litre here would be now be 94.94.
