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State analysing Centre’s appeal to cut VAT on petrol, diesel, says Finance Minister Sahi Behera

Bhubaneswar: On the appeal of Centre to State for reducing Rs 2.50 VAT on Petrol and diesel, Odisha Finance Minister Sashi Bhushan Behera today said that the government is analysing and reviewing Jaitley’s appeal.

“We are analysing Centre’s appeal and take decision accordingly. If Centre slashes Rs 2.50, then Rs 65 paise will be automatically reduced,” Behera said.

Jaitley called upon the chief minister of all states to slash Rs 2.50 petrol and diesel. Soon after his appeal, seven BJP-ruled states – Gujarat, Maharashtra, Uttar Pradesh, Chhatishgarh, Madhya Pradesh, Assam and Tripura – immediately followed suit and announced to cut the amount bringing the total relief to consumers in their states to Rs 5.

The central government on Thursday gave marginal relief to masses from runaway fuel prices and cut petrol and diesel rates by Rs 2.50 a litre with effect from midnight.

The decision was announced by finance minister Arun Jaitley after he held a closed-door meeting with Prime Minister Narendra Modi and petroleum minister Dharmendra Pradhan. The Centre has reduced central excise duties by Rs 1.50 a litre while oil marketing companies have been asked to absorb Re 1 a litre, Jaitley said.

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