The Hindu Business Line : AP reduces sales tax on petrol, diesel

The Andhra Pradesh Government has decided to lower the sales tax on petrol and diesel, which would result in a drop in their prices. The Chief Minister, Dr Y.S. Rajasekhara Reddy, took the decision on Saturday, while reviewing the recent hike in fuel prices at a high-level meeting with Finance and Commercial Taxes officials.

He ordered that the commercial taxes/sales tax should be reduced from 34 per cent to 33 per cent on petrol and from 23 per cent to 22.25 per cent on diesel; this means a reduction of 40 paise for petrol and 22 paise for diesel per litre.

Accordingly the price of petrol and diesel per litre in the State would be Rs 52.86 and Rs 35.76, respectively.

This measure will provide a relief of Rs 135 crore per annum to the people.

More Stories on : Taxation | Policy | Petroleum | Andhra Pradesh

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