Odisha Hikes VAT on Petrol and Diesel
Bhubaneswar : Odisha Government increased VAT rates on Petrol and Diesel and the new rates will come into effect from May 17 (from Saturday mid-night). VAT (Value Added Tax) rate on Petrol is increased from 26% to 32% increasing of Rs. 3.11 per litre and VAT rate on Diesel is increased from 26% to 28% increasing of Rs. 1.03 per litre.
The retail sale price of Petrol at Bhubaneswar will be Rs. 71.639 litre and the retail sale price of Diesel will be Rs.67.73 per litre.
VAT rate on petrol is increased from 26% to 32% with effect from 17th May 2020 increasing Rs 3.11 per litre. VAT rate on diesel is increased from 26% to 28% with effect from 17th May 2020 increasing Rs 1.03 per litre: Government of Odisha pic.twitter.com/NYcNqPVbIU
— ANI (@ANI) May 16, 2020
Earlier, On May 6, the Government of India has increased cess and special excise duty of Rs.10 per litre on Petrol and Rs.13 per litre on Diesel.
The Central is collecting total tax of Rs. 32.98 per litre of Petrol and Rs.31.83 per litre of Diesel , whereas Government of Odisha will collect VAT of Rs. 16.60 per litre of Petrol and Rs.14.34 per litre of Diesel after present revision from May 17, 2020.