Left Menu
Development News Edition

Rajasthan CM announces a 4-pc reduction in VAT on petrol, diesel

Rajasthan CM announces a 4-pc reduction in VAT on petrol, diesel
The decision will cost the exchequer Rs 2,000 crore and will provide the people a relief of Rs 2.5 per liter on petrol and diesel.

Rajasthan Chief Minister Vasundhara Raje announced a four-percent reduction in value-added tax (VAT) on petrol and diesel on Sunday, which will reduce their prices by Rs 2.5 per liter in the state.

VAT on petrol will be reduced from 30 to 26 percent and on diesel from 22 to 18 percent, Raje announced at a public meeting organized in Rawatsar in Hanumangarh district as part of her 'Rajasthan Gaurav Yatra'.

The revised rates will be effective from this midnight.

The decision will cost the exchequer Rs 2,000 crore and will provide the people a relief of Rs 2.5 per liter on 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," Raje told reporters in Rawatsar after making the announcement.

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.

The opposition Congress has called for a nationwide shutdown on Monday over rising fuel prices and depreciation of the rupee.

Targeting the Congress, the chief minister said that the party had failed to play the role of an effective opposition and came out of its shell just before the election. Assembly election in Rajasthan is scheduled for later this year.

Reacting on the decision, AICC general secretary and former chief minister Ashok Gehlot said that Raje had to take the decision because of public support the Congress was gaining for Bharat Bandh on Monday.

"The chief minister had to reduce VAT on diesel and petrol because of the public support Congress was gaining for Bharat Bandh on Monday. The reduction is not enough and the relief should also be provided on gas cylinder without any further delay," Gehlot said in a statement.

He said that the former Congress government led by him in the state had reduced Rs 25 per cylinder and looking at the prices of today, there should be a cut of at least Rs 100 on the gas cylinder.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



Hyderabad Encounter: A sentiment analysis of public mood on day of encounter

Sentiment analysis of twitter users revealed that they showered salutes on Hyderabad police for eliminating alleged gang rapists of the veterinary doctor but only a few believe in cops version of successive events leading to encounter....

Hyderabad Encounter: Time to review modern judiciary and restore people’s confidence

Its probably for the first time in the history of independent India, the parliamentarians, chief ministers and ministers in the Union and State governments are openly supporting an encounter. This indicates the people from top to bottom hav...

What happens to your outstanding loans if the bank falls?

... ...

Time for a change! Innovations to stop the growing plastic pollution

As the planet is drowning in plastic pollution, many new innovative approaches and solutions have emerged to effectively deal with the menace....


Latest News

U.S. border arrests dropped again in November amid Trump crackdown on migrant crossers

The Border Patrol arrested about 34,000 migrants at the U.S.-Mexico border in November, a 75 percent drop from a recent high point in May, according to statistics released on Monday by U.S. Customs and Border Protection.Border arrests - whi...

U.S. Senate's Grassley spoke to Lighthizer on USMCA, hopes for deal announcement soon

U.S. Senate Finance Committee Chairman Charles Grassley discussed alterations to the U.S.-Mexico-Canada Agreement trade deal with U.S. Trade Representative Robert Lighthizer on Monday, and hopes that a deal can be announced soon, a Grassley...

Brazil to send vice president to inauguration of Argentina president

Brazil has decided to send Vice President Hamilton Mourao to Tuesdays swearing-in of Argentine President-elect Alberto Fernndez, Brazils presidential spokesman said on Monday.The move comes after Brazils president, Jair Bolsonaro, had said ...

France to forge partnership with Brazil states on Amazon, bypassing Bolsonaro

France and a group of Brazilian states plan to announce a partnership to preserve the Amazon rainforest, the groups leader said on Monday, bypassing Brazils federal government after a spat between the presidents of the two countries.Amapa s...

Give Feedback