Petrol-Diesel Rate News
With the reduction in VAT, consumers can expect some respite in fuel costs.
Oil companies are selling petrol at a profit of Rs 10 per litre.
Companies make up for a Rs 6.5 a litre loss on diesel.
The three fuel retailers haven't changed petrol and diesel prices since April 6, 2022.
Six non-BJP-ruled states - West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala, and Jharkhand - have not reduced the VAT on petroleum products.
Following Central govt. reduced in excise duty, states reduced their Value Added Tax (VAT).
Petroleum Minister Hardeep Singh Puri said on Thursday in Lok Sabha.
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