As prices skyrocket, some states cut taxes on petrol and diesel Premium (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 Share Via Read Full Story 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 TRENDING STORIESSee All