Cut VAT on petrol, diesel by 5% to benefit consumers: Centre to states

After Tuesday's cut, excise duty on petrol has come down to Rs 19.48 per litre and diesel to Rs 15.33 per litre

Petroleum Minister Dharmendra Pradhan on Wednesday urged the state governments to cut value added tax (VAT) on petrol and diesel by at least 5 per cent to bring further relief to consumers on fuel pricing. 

This comes a day aftef the finance ministry decided to cut excise duty Rs 2 per litre on both branded and unbranded petrol and diesel. "Prime Minister Narendra Modi has taken the risk of losing huge money for the benefit of the people. Now, state governments should take up the responsibility and cut VAT on petrol and diesel by at least 5 per cent," Pradhan