Even before the budget, the people were given a big relief, the government further reduced the sales tax on petroleum products.
According to a notification issued by a private TV channel, the sales tax on kerosene has been reduced from 15.44 per cent to 10.07 per cent while the sales tax on light diesel has been reduced to 3.67 per cent. Earlier, the sales tax rate on light diesel was 7.56 per cent. According to the notification, the sales tax rate on petrol and high speed diesel will remain at 17 per cent.
At present, petrol is priced at Rs 108.56, high speed diesel at Rs 110.76, kerosene at Rs 80 and light diesel at Rs 77.65 per liter.
