India Business News: Diesel became cheaper between 19 and 21 paise across the country on Wednesday after the first price cut in about a month but petrol prices remained un
As prices skyrocket, some states cut taxes on petrol and diesel
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(REUTERS)
The current petrol price break-up in Delhi shows that 60% of the retail price is excise duty and value-added tax (VAT)
Reserve Bank of India governor Shaktikanta Das has called for reduced indirect taxes on petrol and diesel to contain the fuel prices at a reasonable level
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Amid rising fuel prices and subsequent uproar, five states have decided to cut down taxes on petrol, diesel and other motor spirits to provide relief to customers.
These are the states that have reduced taxes
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