India: Rajasthan cuts petrol rate by Rs 4/L, diesel by Rs 5/L
Jaipur, Nov 16 (PTI) Amid pressure to reduce VAT after reduction in excise duty by the Centre on petrol and diesel, the Congress government in Rajasthan on Tuesday night announced to slash VAT to make petrol and diesel cheaper by Rs 4 per litre and Rs 5 per litre. respectively, from midnight.
This will result in annual revenue loss of Rs 3,500 crore to the state.