Saturday 17 September 2011

Uttarakhand waives VAT on Rs 3.14 a litre Petrol hike

Written by Anil Singh

The Uttarakhand government has removed VAT on Rs 3.14 a litre hike in petrol price.

As a result the hike in petrol price has been minimised by Rs 0.78 a litre.

In other words, because of this step, a litre of petrol will cost be 78 paise less.

The measure would cost the Uttarakhand exchequer Rs 21.78 crore per annum.

In June also, the state government had announced a similar relief in VAT on the prices of petroleum products.

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