Business Standard

Fuel tussle: Petrol dearer 5% since November in states with no VAT cut

The Trinamool Congress (TMC) tweeted that the Centre owes West Bengal a whopping Rs 97,807.91 crore

Photo: Bloomberg
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Photo: Bloomberg

Shine JacobIndivjal Dhasmana Chennai/New Delhi
Consumers in seven states that have not cut value-added tax (VAT) on petrol and diesel since November 3 last year when the Centre announced a reduction in excise duty by Rs 5 and Rs 10 per litre on these two fuels, respectively, bore the brunt of high prices, particularly petrol.

A detailed look at retail prices showed that the average prices of petrol in captials of the seven states increased by Rs 4.66 per litre, starting from November 3 last year until April 27 this year. The average consumer prices declined by Rs 1.41 per litre in the remaining state capitals

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