Summary:
Photo: ANINew Delhi: The Delhi government has refused to reduce value added tax (VAT) on the fuel price in the state, despite the Centre announcing a cut of Rs 2.50 per litre on both petrol and diesel prices. Delhi Deputy Chief Minister Manish Sisodia said that state government is already running in loss and, therefore, cannot reduce the taxes. Soon after the announcement, many states including Madhya Pradesh, Rajasthan, Uttar Pradesh, Chhattisgarh, Bihar and Maharashtra announced an additional concession on the fuel prices. However, if it reduces the rates by Rs 1.5, states are expected to cut down the price by Rs 2.5,” he said. But, now when the Centre says it has hiked prices of petrol and diesel by Rs 10, but the profit is going to the Centre..