Hyderabad: The Telangana government on Saturday imposed Rs 2 as value-added tax on sale of petrol and diesel per litre. With this, the retail price of petrol and diesel in Telangana becomes costlier by Rs 2 offsetting the Rs 2 price cut announced by OMCs on Friday.
In the city, petrol will now be sold for Rs 66.49 and diesel for Rs 54.88 per litre against the original price of Rs 64.49 and Rs 52.88 respectively. The Telangana government has adopted tactics like the Centre while increasing VAT in rupee terms and not on percentage terms stating that VAT on fuel sales continues to remain at 31 per cent. The move will result in state getting additional revenue of Rs 80 crore per month.
VAT A HIKE
Petrol in Delhi: Rs 58.91
Price in city after Rs 2 hike: Rs 66.49
