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Petrol and Diesel will be costlier in AP

Petrol-and-Diesel-will-be-costlier-in-A-P

The Government of Andhra Pradesh revised the VAT on petrol and diesel prices in the state due to the fall in revenue due to Covid 19 pandemic. The government hiked VAT on petrol prices by Rs 1.24 per litre and Rs 0.93 per litre on diesel prices.

The hike in VAT comes at a time when the common man is already grappling with low income due to the Covid-19 imposed lockdown. Revenue special chief secretary Rajat Bhargav attributed the hike in VAT on fuel prices to dwindling revenues following the outbreak of Covid-19 and the subsequent lockdown. He said in April last year, the government could mop up Rs 4,480 crore. Due to the lockdown, the revenues sharply declined by 29.5 per cent to Rs 1,323 crore. The government had to hike the VAT in order to shore up the revenues, Rajat Bhargav stated.

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