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Rajasthan, AP, West Bengal likely to forego about Rs 3,776 crore tax revenue after fuel price cut

Updated : September 13, 2018 06:58 AM IST

So far, three states – Rajasthan, Andhra Pradesh and West Bengal have announced a cut in state VAT on fuel prices.
Fuel prices have been on the rise since mid-August due to various factors including rupee depreciation, high excise duty and rise in crude oil rates.
Rajasthan, AP, West Bengal likely to forego about Rs 3,776 crore tax revenue after fuel price cut

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