VAT on petrol, diesel prices will not be hiked in this state

Value Added Tax on petrol and diesel was reduced after the Centre had slashed tax on both fuel earlier this year. This move comes as a relief to consumers reeling under high fuel prices in the state.
By : HT Auto Desk
| Updated on: 30 Jul 2022, 10:26 AM
Uttar Pradesh Chief Minister Yogi Adityanath has ruled out any further increase of Value Added Tax on petrol and diesel in Uttar Pradesh in the near future. (HT_PRINT)
Uttar Pradesh Chief Minister Yogi Adityanath has ruled out any further increase of Value Added Tax on petrol and diesel in Uttar Pradesh in the near future. (HT_PRINT)
Uttar Pradesh Chief Minister Yogi Adityanath has ruled out any further increase of Value Added Tax on petrol and diesel in Uttar Pradesh in the near future. (HT_PRINT)
Uttar Pradesh Chief Minister Yogi Adityanath has ruled out any further increase of Value Added Tax on petrol and diesel in Uttar Pradesh in the near future.

In a relief to daily commuters in Uttar Pradesh, the state government has decided not to increase Value Added Tax (VAT) on petrol and diesel prices in the near future. Yogi Adityanath, Chief Minister of Uttar Pradesh, made the announcement on Friday, saying that VAT on both fuel is the lowest offered in any state across India. As of today, petrol price in Lucknow, capital of Uttar Pradesh is currently at 96.36 per litre, while diesel costs 89.56 per litre. In Noida, the business hub of the state, petrol costs 96.69 per litre and diesel is priced at 89.86 per litre.

The decision was taken after the chief minister reviewed the status of revenue collection in the state. Adityanath said, "Keeping in mind the larger public interest, we have not increased the rate of VAT or imposed any new tax in the state. Today the lowest VAT rate on petrol/diesel is in Uttar Pradesh. There will be no increase in VAT in the near future as well. Keeping this in mind, efforts should be made to increase the revenue collection according to the zone-wise potential."

Trending Cars

Find More Cars

Before reducing VAT on petrol and diesel, the Uttar Pradesh government used to charge sales tax of around 26 per cent per litre on petrol. The amount is around 19 per litre when roughly converted. After the Centre reduced VAT on petrol by 7 per litre earlier this year the state government slashed excise duty and VAT on petrol by 12 per litre. It currently imposes VAT of about 15.84 per litre on petrol besides the excise duty by Centre, which is around 28 per litre.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

The VAT on petrol and diesel were reduced in Uttar Pradesh after the Centre decided to slash taxes on both fuel earlier this year. The reduction in price of petrol and diesel came as a relief after several consequent hikes in fuel prices which soared to an all-time high in May this year.

First Published Date: 30 Jul 2022, 10:26 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city