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The Haryana government has decided to amend the value-added tax (VAT) rate on petrol from 20 to 25 per cent. Even after an increase in VAT on petrol, its price will be lower as compared with the rates in Punjab, Rajasthan, Himachal Pradesh and Uttar Pradesh.
While stating this here on Thursday, a spokesman of the excise and taxation department said after the increase, the new VAT rate on petrol with five per cent surcharge would be 26.25 per cent. Earlier, it was 20 per cent plus surcharge.
The rate of VAT being charged on petrol is 30.80 per cent in Punjab, 26.80 per cent in Uttar Pradesh, 30 per cent in Rajasthan and 27 per cent in Himachal Pradesh. After the increase in VAT, the average retail sale price per litre would be Rs 59.36, lower than the average retail sale price of Rs 74.12 a litre in Haryana as on July 1, 2014, he said.
