Odisha raises VAT on petrol and diesel by 3%

The Odisha government increased the Value Added Tax (VAT) on petrol and diesel by3% each, making the fuel dearer.

• The finance department issued a notification stating that the VAT on petrol and diesel would be 26% from earlier rate of 23%.
• Petrol and diesel across the state will cost more by Rs 1.39 per litre and Rs 1.14 per litre respectively.

The government decided to increase VAT on the fuel as the state’s revenue collection was badly hit due to frequent decline in the prices of petrol and diesel.

Keys Odisha:

• Capital – Bhubaneswar
• Chief Minister – Naveen Patnaik