With the Centre announcing cuts in the Central excise duties on petrol and diesel, the sales tax on the fuel collected in the State will also go down correspondingly.
The tax on petrol will go down by ₹2.41 and that on diesel, by ₹1.36, according to the State government.
Finance Minister K.N. Balagopal claimed that the decision to reduce the sales tax was a conscious one by the State government. According to him, the State had decided not to make up for the loss in sales tax revenue.
