On November 3, the union government announced a cut in special excise duty on petrol and diesel by \u20b95 and \u20b910 respectively. The announcement also urged states to do the same . \u201cStates are also urged to commensurately reduce VAT (value added tax) on petrol and diesel to give relief to consumers\u201d a press release from the union finance ministry said. Another release, issued by the ministry of petroleum on November 5, listed 14 states and union territories which had not reduced their VAT on petrol and diesel. Almost all of these states are ruled by non-NDA parties. Are these states not cooperating with the centre in bringing down inflation?<\/p>\n
There is a difference between central and state taxes on fuel<\/p>\n
Central taxes on petrol and diesel are split into multiple components. While some of these taxes are ad valorem \u2013 tax imposed as a share of price of the commodity — in nature, some of them are fixed.<\/p>\n","protected":false},"excerpt":{"rendered":"
On November 3, the union government announced a cut in special excise duty on petrol and diesel by \u20b95 and \u20b910 respectively. The announcement also urged states to do the same . \u201cStates are also urged to commensurately reduce VAT (value added tax) on petrol and diesel to give relief to consumers\u201d a press release from the union finance ministry said. Another release, issued by the ministry of petroleum on November 5, listed 14 states and union territories which had not reduced their VAT on petrol and diesel. Almost all of these states are ruled by non-NDA parties. Are these […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-448682","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/448682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=448682"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/448682\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=448682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=448682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=448682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}