Bringing a massive relief to people, Rajasthan CM announces 4 percent reduction in VAT on petrol, diesel

Jaipur, September 10: Vasundhara Raje-led government has brought a massive relief to the people of Rajasthan by slashing the prices of petrol and diesel.

 

Notably, Rajasthan CM Vasundhara Raje on Sunday announced a whopping 4 percent reduction in a VAT (Value Added Tax) on the prices of petrol and diesel. After the reduction of VAT, the prices of petrol and diesel will go down by 2 rupees 50 paise per litre in the state. The revised rates came into effect from Sunday midnight. The decision will cost the exchequer 2,000 crore rupees.

During a public meeting organized in Rawatsar in Hanumangarh district as part of her Rajasthan Gaurav Yatra, CM Vasundhara Raje announced of reduction in VAT of petrol and diesel. "We have decided to reduce VAT on diesel and petrol by 4 percent, which will provide much-needed relief to the people of the state, be it farmers or women or others," the CM said.

This comes hours after petrol and diesel prices set new records Sunday as they continued their upward march on fall in rupee and surge in global crude oil rates. While the opposition called for a nationwide shutdown on Monday over rising fuel prices and depreciation of the rupee.