States cut VAT on petrol and diesel

After Gujarat and Maharashtra, reportedly two other states cut down Value Added Tax (VAT) on petrol and diesel. Himachal Pradesh lowered the VAT by 1% on petrol and diesel in the state, and Uttarakhand slashed the VAT and cess on petroleum products by 2% each. The rate cuts were put into effect after Centre eased excise duty on petrol and diesel.

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