Data 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.