Gehlot said the reduction of VAT on petrol by Rs 1.8 per litre and on diesel by Rs 2.6 per litre will lead to a loss of state revenue worth Rs 1,800 crore every year
Ashok Gehlot. File pic/AFP
Rajasthan Chief Minister Ashok Gehlot on Thursday urged the Centre to reduce the Excise Duty further on petrol and diesel in order to bring down the inflation. "With the reduction of Excise Duty by the Center, the VAT of the states is automatically reduced in the same proportion, yet we demand that the Center should reduce the Excise Duty more to reduce the inflation," tweeted the chief minister.
ADVERTISEMENT
Gehlot said the reduction of VAT on petrol by Rs 1.8 per litre and on diesel by Rs 2.6 per litre will lead to a loss of state revenue worth Rs 1,800 crore every year. Gehlot urged Prime Minister Narendra Modi to reduce the Excise Duty further to provide relief to people from inflation. He said the Rajasthan government is ready to bear the loss of revenue for the welfare of the people.
In relief to consumers, the Finance Ministry on Wednesday announced a Rs 5 per litre cut in excise duty on petrol and a Rs 10 per litre cut in excise duty on diesel. Amid record-high fuel prices, this is the first cut in central excise duties in over three years.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
