Andhra Pradesh Cuts Petrol, Diesel Prices By Rs 2 Per Litre


Andhra Pradesh Chief Minister Chandrababu Naidu announced a cut in state taxes on fuel.

Hyderabad: 

Andhra Pradesh Chief Minister Chandrababu Naidu has announced a reduction of Rs 2 per litre on fuel prices, effective tomorrow. The loss of revenue from the cut in state taxes will cost the exchequer up to Rs 1,120 crore, it is estimated.

Mr Naidu made the announcement in the state assembly on Monday afternoon, amid a nationwide strike called by the Congress over rising fuel prices and the falling rupee.

“Common man is reeling under the impact of growing prices and I appeal to the centre to reduce the prices,” Mr Naidu said in the state assembly.

In Andhra Pradesh, the value added tax or VAT has been among the highest anywhere at 35 per cent for petrol and 25 per cent for diesel.

In Tirupati, for instance, diesel was selling at Rs 80.38 and petrol at Rs 87.70 per litre on Monday.

Andhra Pradesh is set to go to polls by April-May 2019. Mr Naidu targeted the ruling BJP at the centre saying they are increasing collections excise and other taxes but not passing on any relief to the ordinary Indian.

 



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