Odisha increases VAT on petrol, diesel today

With effect from 17 May, the VAT rate for petrol has been hiked from 26 per cent to 32 per cent and the rate of diesel by 26 per cent to 28 per cent by the Odisha government.

Bhubaneswar (Odisha): The Odisha government has increased the rate of Value Added Tax (VAT) on petrol and diesel with effect from Sunday.

The VAT rate for petrol has been hiked from 26 per cent to 32 per cent with effect from May 17, increasing the price by Rs. 3.11 per litre. While the VAT rate on diesel has been hiked from 26 per cent to 28 per cent, increasing the price by Rs 1.03 per litre.

With this, the price of petrol and diesel in Bhubaneswar will now be Rs 71.69 and Rs 67.73, respectively, according to a statement by the state government.

Earlier, the state governments of Assam, Nagaland, Maharashtra, Karnataka, among others, have increased VAR on petroleum products.

(ANI report)

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