In a relief to common man, both the BJP ruled Haryana and Himachal Pradesh have announced to reduce Value Added Tax (VAT) on petrol and diesel by about Rs 2.5 per litre. The revised rates would be effective from Thursday mid-night, announced Haryana Finance Minister, Capt. Abhimanyu.
The Finance Minister said that after reduction, the revised rates of diesel in Haryana would be about Rs 71 per litre and petrol would be about Rs 79 per litre. He said that this would cause annual burden of Rs 1,920 crore on state exchequer.
In the neighbouring Himachal Pradesh, the state government also decided to reduce the prices of petrol and diesel by Rs 2.50 per litre. This was decided in a meeting held in Shimla under the chairmanship of Chief Minister Jai Ram Thakur.
The Chief Minister said that to facilitate the general public, the state government has decided to reduce the rate of petrol and diesel by Rs 2.50 per litre.