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    Home / News / Business News / MP cuts diesel VAT by 5%, petrol VAT by 3%
    MP cuts diesel VAT by 5%, petrol VAT by 3%
    1/4
    Business 2 min read

    MP cuts diesel VAT by 5%, petrol VAT by 3%

    By Krunali Shah
    Oct 13, 2017
    04:18 pm
    MP cuts diesel VAT by 5%, petrol VAT by 3%
    Credits

    The MP government has cut the value added tax (VAT) on fuel products. It reduced VAT on diesel by 5% and VAT on petrol by 3%. CM Shivraj Chouhan said the new prices will be effective from midnight. The move came after Oil Minister Dharmendra Pradhan urged state governments to reduce the tax burden on consumers. Find out more details below.

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    Centre takes the initiative to relieve consumers

    The Centre recently cut excise duty on diesel and petrol by Rs. 2 per litre. The government was facing pressure from people as fuel prices were being kept high while global prices remained low. Subsequently, Pradhan asked every state, which has different VAT rates on fuel, to reduce 5% VAT for the benefit of consumers. He also said that some states levy 24-26% VAT on fuel.

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    Following Centre's directive, many states followed

    After the Centre gave this directive, Maharashtra reduced petrol and diesel prices by Rs. 2 and Rs. 1, respectively. Gujarat reduced VAT by 4%, Uttarakhand by 2% and Himachal by 1%. MP is the fifth state to reduce VAT on petroleum products. Delhi and Kerala which were at the forefront for demanding a cut in duties might be the next.

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    Will fuel be included under GST?

    As some states showed a coordinated response to the Centre's directive of reducing VAT on petroleum products, it raised expectations that these products might soon be included under the goods and services tax (GST) ambit. However, the Mint reports that the GST council has discussed no such proposal. Pradhan, who supports the inclusion, asserted that such a decision will be taken by centre-state consensus.

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