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Diesel to be cheaper in Bihar as govt cuts VAT

Diesel to be cheaper in Bihar as govt cuts VAT


In a bid to give some relief to diesel consumers in Bihar in the wake of Rs 5 per litre price hike by the Centre, the state cabinet on Thursday reduced the value added tax (VAT) on diesel by two per cent - from 18% to 16% - giving a relief of 85 paise per litre to consumers. The new diesel price of Rs 50.15 per litre, down from Rs 51 per litre, would be operative from Thursday midnight.

Source : http://timesofindia.indiatimes.com/city/patna/Diesel-to-be-cheaper-in-Bihar-as-govt-cuts-VAT/articleshow/16484131.cms

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