Puducherry LG announces 2% VAT cut on petrol, diesel

Puducherry LG - VAT cut on petrol - diesel - Taxscan

The Lt. Governor, Tamilisai Soundararaja of Puducherry announced a 2% Value Added Tax (VAT) cut on petrol and diesel.

The Union Oil Minister, Dharmendra Pradhan had said that the raging fuel prices will come down as the winter ends.

The Minister further added, “Prices will come down a little as winter goes away. It’s an international matter, price is high due to increase in demand, it happens in winter. The price will come down”.

The Petrol and diesel prices have been surging in the past few weeks, in some cities crossing the Rs 100 per litre mark as well. As of February 26, the price of petrol is Rs 90.93 per litre and diesel is Rs 81.31 per litre, in Delhi. In Mumbai, petrol was selling at Rs 97.34 per litre and diesel at Rs 88.44 per litre.

The announcement came in the face of Assembly elections, which will happen in a single phase on April 6.

The counting for the same will take place on May 2, along with the vote counting of the other 4 states that are going into election namely West Bengal, Kerala, Tamil Nadu, and Assam.

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