MP cabinet approves increase in cess imposed on petrol, diesel

ANI | Updated: Jan 03, 2018 15:09 IST

Bhopal (Madhya Pradesh) [India], Jan 3 (ANI): The state cabinet on Wednesday approved an increase in the cess to be imposed on petrol and diesel.

The cabinet, headed by Chief Minister Shivraj Singh Chouhan, approved a 50 paise increase per litre in cess on these fuels.

Earlier, the government in October slashed the Value-Added Tax (VAT) on prices of petrol by three per cent and diesel by five per cent, following the Centre's decision to cut excise duty on fuel.

The move, the Centre claimed, was taken in an attempt to "cushion the impact of rising international prices of crude petroleum oil, and petrol and diesel on their retail sale prices". (ANI)