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States can reduce VAT on petrol: Centre

By The Assam Tribune
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CHENNAI, May 27 � Amid the mounting pressure for rollback of petrol price hike, Minister of State in the PMO V Narayanasamy has said states could reduce the Value Added Tax on petroleum products to provide relief to the people.

�The States can lower the VAT and that can help reduce the petrol price,� he told reporters at the airport here last night.

The latest hike in petrol price by Rs 7.50 has come under flak from opposition and also key UPA allies DMK and Trinamool.

Stepping up pressure for rollback of petrol price hike, UPA ally DMK chief M Karunanidhi will lead a demonstration here on May 30 against the unprecedented fuel price increase even as the Centre said states could reduce VAT on petroleum products to provide relief to people. � PTI

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States can reduce VAT on petrol: Centre

CHENNAI, May 27 � Amid the mounting pressure for rollback of petrol price hike, Minister of State in the PMO V Narayanasamy has said states could reduce the Value Added Tax on petroleum products to provide relief to the people.

�The States can lower the VAT and that can help reduce the petrol price,� he told reporters at the airport here last night.

The latest hike in petrol price by Rs 7.50 has come under flak from opposition and also key UPA allies DMK and Trinamool.

Stepping up pressure for rollback of petrol price hike, UPA ally DMK chief M Karunanidhi will lead a demonstration here on May 30 against the unprecedented fuel price increase even as the Centre said states could reduce VAT on petroleum products to provide relief to people. � PTI

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