Nov 05, 2021, 08:56AM ISTSource: Times Now
A day after the Union Government reduced excise duty on fuel, several States lowered Value Added Tax (VAT) on petrol and diesel to give some respite to consumers. In a major relief to the people, the Narendra Modi government announced rate cuts a day ahead of Diwali. With this move, the central levy on petrol and diesel was cut by Rs 5 and Rs 10. This decision comes at a time when the Modi government is facing a lot of criticism and has crucial elections in the future.
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