Petrol up by 3 rupees 78 paise, diesel by 1 rupee 70 paise as govt revises VAT in TN

The Tamil Nadu government has increased the value added tax against petrol and diesel resulting in increase in the prices of the fuels. Petrol prices have gone up by 3.78 per litre to Rs 74.24 and diesel by Rs 1.70 per litre to Rs 62.48. 

The price hike came into effect from mid night last night. The VAT has been raised form 27 percent for petrol to 43 per cent and diesel from 21.4 percent to 25 per cent. The state government claims, the VAT on the fossil fuels are less as compared to the other southern states even after the hike. 

The opposition DMK has condemned the price hike saying it is a jolt for the people, imposed



by the state government. Its working president MK Stalin has demanded immediate roll back of the increase in the VAT. He has said int he forthcoming budget session of the Assembly, it will bring in a cut motion. 

The state BJP leader Dr Tamilisai Soundararajan has criticised the fuel price hike saying it will have a spiralling effect on the prices of essential commodities. The state Congress chief Thirunavukkarasar has warned of statewide protests if the price hike is not withdrawn. The truck owners association has expressed fear that the hike in prices of fuel would lead to crippling of the truck movements.