Highlights

  • Govt had cut excise duty on petrol and diesel
  • 22 states/UTs followed the price cut, while 14 not
  • Costliest petrol is in Congress-controlled Rajasthan

Latest news

iQOO Buds Review: Monster Battery and Serious Gaming Chops for under ₹2,000 

iQOO Buds Review: Monster Battery and Serious Gaming Chops for under ₹2,000 

Repo rate today at 5.25%: how long an RBI decision takes to reach your home loan interest rate

Repo rate today at 5.25%: how long an RBI decision takes to reach your home loan interest rate

CMF Buds Neo Review: 35dB ANC, 52-Hour Battery and Incredible Value

CMF Buds Neo Review: 35dB ANC, 52-Hour Battery and Incredible Value

iQOO Z11 Review: A Balanced Mid-Range Powerhouse

iQOO Z11 Review: A Balanced Mid-Range Powerhouse

Samsung Galaxy Watch 9 Review: Familiar, Faster And Better Where It Matters

Samsung Galaxy Watch 9 Review: Familiar, Faster And Better Where It Matters

Samsung Galaxy Watch Ultra2 Review: A Smarter, Tougher and Longer-Lasting Ultra

Samsung Galaxy Watch Ultra2 Review: A Smarter, Tougher and Longer-Lasting Ultra

Gabit Smart Ring Review: A Better Way To Track Your Health? 

Gabit Smart Ring Review: A Better Way To Track Your Health? 

Xiaomi Power Bank 5i 20000 67W Review: A Powerful Travel Companion

Xiaomi Power Bank 5i 20000 67W Review: A Powerful Travel Companion

Petrol politics: 22 BJP states cut VAT; prices below Rs 100 in most BJP-ruled states/UTs

Petrol price reduced by as much as Rs 8.7 per litre and diesel by Rs 9.52 through a reduction in VAT.

Petrol politics: 22 BJP states cut VAT; prices below Rs 100 in most BJP-ruled states/UTs

Most of the BJP-ruled states now have a sub-Rs 100 petrol price tag as they have been further reduced by as much as Rs 8.7 per litre and diesel by Rs 9.52 through a reduction in VAT.

The Union government had on Wednesday cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre. This announcement was matched by 22 states and Union Territories cutting Value-Added Tax rates in different proportions.

However, there are 14 States/UTs which have not undertaken any reduction in VAT. These states include Congress and its allies ruled Rajasthan, Punjab, Chhattisgarh, Maharashtra, Jharkhand and Tamil Nadu. AAP-ruled Delhi, TMC-governed West Bengal, Left-ruled Kerala, BJD-governed Odisha, TRS-led Telengana and YSR Congress-ruled Andhra Pradesh.

The costliest petrol is sold in Congress-controlled Rajasthan at Rs 111.10 per litre (Jaipur).

The most reduction in the Petrol prices has been in UT of Ladakh, followed by Karnataka and Puducherry. The prices of Petrol in these UTs/state have come down by Rs 13.43, Rs 13.35 and Rs 12.85 respectively.

For Diesel, the most reduction has been undertaken by UT of Ladakh, leading to price coming down by Rs 19.61 per litre there, followed by Karnataka and Puducherry.

Frequently Asked Questions

The 14 states and UTs that have not undertaken any reduction in VAT are Congress and its allies ruled Rajasthan, Punjab, Chhattisgarh, Maharashtra, Jharkhand, and Tamil Nadu; AAP-ruled Delhi; TMC-governed West Bengal; Left-ruled Kerala; BJD-governed Odisha; TRS-led Telangana; and YSR Congress-ruled Andhra Pradesh.

ADVERTISEMENT

Up Next

Petrol politics: 22 BJP states cut VAT; prices below Rs 100 in most BJP-ruled states/UTs

Petrol politics: 22 BJP states cut VAT; prices below Rs 100 in most BJP-ruled states/UTs

Repo rate today at 5.25%: how long an RBI decision takes to reach your home loan interest rate

Repo rate today at 5.25%: how long an RBI decision takes to reach your home loan interest rate

Step-by-step guide to apply for a mortgage loan online with minimal documentation

Step-by-step guide to apply for a mortgage loan online with minimal documentation

Honda Activa 6G: Everything You Need to Know Before Buying

Honda Activa 6G: Everything You Need to Know Before Buying

How much does a ULIP plan really cost? A break-down of all charges

How much does a ULIP plan really cost? A break-down of all charges

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

ADVERTISEMENT

editorji-whatsApp

More videos

Reliance denies buying Iranian oil amid US sanctions waiver

Reliance denies buying Iranian oil amid US sanctions waiver

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

Govt announces seven measures to help boost exports

Govt announces seven measures to help boost exports

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI pauses rate cuts, retains interest rate at 5.25 pc

RBI pauses rate cuts, retains interest rate at 5.25 pc

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.