VAT on petrol in Haryana already low: Abhimanyu Singh
ANI | Updated: Oct 07, 2017 18:26 IST
Addressing media at an event organized by the PHD Chambers of Commerce and Industry, Singh said that even after other states cut down VAT by five percent, Haryana still charges the least amount of VAT on petroleum products.
Earlier, Union Petroleum and Natural Gas Minister Dharmendra Pradhan had said, "Considering the interests of the consumers, the Government of India has reduced excise duty on petrol and diesel by Rs. 2 per litre. We have appealed to all state governments to cut Value Added Tax (VAT) by five per cent on petroleum products."
Currently, an excise duty component of Rs. 21.48 per litre is levied upon petrol, and consequent to the reduction in excise duty, this will come down to Rs. 19.48.