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April 24, 2018

Diesel-Petrol VAT rate slashed in MP: Additional surcharge on diesel abolished


Newsroom24x7 Staff

Bhopal: Madhya Pradesh Chief Minister Shivraj Singh Chouhan today (13 October 20`17) announced the decision to reduce the VAT rate on diesel and petrol.

The Chief Minister further announced that the additional surcharge of Rs. 1.50 per litre charged on diesel also has been abolished.

The new rates will come in effect from midnight today. The diesel being sold at the rate of Rs. 63.31 per liter will be sold at Rs. 59.37 per liter after midnight.

Chouhan said that this decision for reduction in diesel and petrol rates has been taken to give relief to the common people and the farmers keeping in view their requirement. He said that the reduced rates of diesel and petrol will reduce the cost of freight and the goods will become cheaper.

The Chief Minister said that VAT on diesel has been reduced by 5 percent and additional surcharge of Rs. 1.50 charged on diesel has also been abolished. Similarly, VAT on petrol has been reduced by 3 percent.

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