After Gujarat and Maharashtra, Madhya Pradesh slashes VAT on petrol by 3 per cent, diesel by 5 per cent

Madhya Pradesh CM Shivraj Singh Chouhan announced to reduce VAT by 5 per cent on diesel and 3 per cent on petrol from midnight today.

Published: 13th October 2017 12:37 PM  |   Last Updated: 14th October 2017 07:38 AM   |  A+A-

For representational purposes (File | PTI)

By Express News Service

BHOPAL: Madhya Pradesh has become the third BJP-ruled state to reduce the value-added tax (VAT) on petrol and diesel by 3 and 5 percent, respectively. The state’s finance minister Jayant Malaiya after holding deliberations with CM Shivraj Singh Chouhan and later with officials of his ministry on Friday announced 3% VAT cut on petrol and 5% VAT cut on diesel.

The minister also announced removing Rs 1.50 cess on diesel, but left the Rs 4 cess on petrol untouched.
The finance minister said while the VAT on petrol has been slashed from 31% to 28% (3%), the VAT on diesel has been slashed from 27% to 22% (5%).

The slashing of VAT by 3% will make petrol cheaper by up to Rs 1.62 per litre from the existing Rs 74.75 to Rs 73.13 and the per litre price of diesel after 5% cut of VAT and removal of cess will be reduced by up to Rs 4 from the present Rs 63.31to Rs 59.37.

The new rates after slashing of VAT will be effective from post-midnight, the minister added.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp