The Chhattisgarh government on Monday decided to reduce Value Added Tax (VAT) on petrol and diesel by 1 per cent and 2 per cent, respectively.
This decision was taken during the cabinet meeting chaired by Chief Minister Bhupesh Baghel, a government official said.
The move will cause a loss of nearly Rs 1,000 crore to the state exchequer.
“Providing major relief to the people of the state. Chief Minister Bhupesh Baghel-led cabinet has decided to cut the prices of petrol and diesel. VAT on diesel and petrol has been reduced by 2 per cent and 1 per cent respectively. The state government will bear the loss of about Rs 1,000 cr..” the Chief Minister's Office (CMO) tweeted.
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