Review base price calculations for lowering fuel rates: Nitish Kumar
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Patna, Oct 9: Hailing the decision of the central government for reducing the excise duty on petrol and diesel, Bihar Chief Minister Nitish Kumar has urged Modi government to recalculate the base price mechanism in order to reduce the fuel price.
Speaking to the media, Kumar underlined that the state of Bihar charges 26 per cent VAT on petrol and 19 percent on diesel which is much lower as compared to another state. He also pointed that the base price of petrol and diesel in Bihar is more as compared to other states.
Earlier Union Petroleum and Natural Gas Minister Dharmendra Pradhan had requested all state governments to cut the VAT on petroleum products by five percent.