Petrol price up by Rs 3.78, diesel by Rs 1.70
Posted on: 05/Mar/2017 7:57:26 PM
Prices of petrol and diesel in Tamil Nadu went up by Rs 3.78 and Rs 1.70 respectively, following the state government revising the Value Added Tax (VAT) on these products.
Association President K.P. Murali said, VAT on petrol was increased from 27 per cent to 34 per cent, while that on diesel was hiked from 21.4 per cent to 25 per cent with effect from last mid-night. As a result, the rate of petrol has increased by Rs 3.78 and that of diesel by Rs 1.70 in the state, he told PTI.
Following the hike, the petrol price had touched the Rs 75 mark in Chennai while additional costs like transportation would add a little more to rates in other cities and towns such as Tiruchirappalli, Thanjavur and Cuddalore, he said. Diesel prices was around Rs 63.96 following the VAT revision, he added.
