After Gujarat and Maharashtra, Madhya Pradesh slashes Value-Added Tax on petrol and diesel

Madhya Pradesh slashes VAT on petrol and diesel

While VAT on petrol has been reduced by 3%, the same on diesel has gone down by 5%.

Madhya Pradesh has reduced 5% Value-Added Tax on Diesel and 3% on Petrol and the new prices will be coming into affect by midnight, said Chief Minister Shivraj Singh Chauhan in a statement on Friday. Prices started surging June end onwards and climbed up to a three-year high.

The uptick in petrol and diesel prices weighed heavy on consumer inflation in September, contributing to 5.56 per cent of the index.

After Gujarat and Maharashtra, Madhya Pradesh became the third BJP-ruled state to slash value added tax (VAT) on petrol and diesel. On October 9, Bihar Chief Minister Nitish Kumar had said that his government will appeal to the Centre to lower the "base price" of petrol and diesel which stands at Rs 55 a litre in the eastern Indian state.

In Bhopal, petrol will now cost Rs 73.13 per litre against the earlier price Rs 74.79 per litre. "We will make a strong plea to the Union Petroleum Ministry to lower this base price", Nitish Kumar said.

Related News:

  • Gran Turismo Sport features Lewis Hamilton as in-game mentor

    Gran Turismo Sport features Lewis Hamilton as in-game mentor

    Any in-game credit earned, as well as unlocked vehicles, will be transferable to the full game when it launches on October 17. Despite several attempts, shaving off that extra second may be hard .

    Moody's Corporation (MCO) to Release Earnings on Thursday

    Virginia Retirement Sys Et Al invested in 117,400 shares. (NYSE:MCO) by 2.1% during the first quarter, Holdings Channel reports. Massachusetts Fincl Ma reported 0.34% in Moody's Corporation (NYSE:MCO). 360,335 were reported by Dimensional Fund Advisors Lp.

    Fmr LLC Lowers Stake in Stryker Corporation (SYK)

    Following the completion of the sale, the insider now owns 8,983 shares in the company, valued at approximately $1,313,853.58. It dived, as 42 investors sold NTGR shares while 52 reduced holdings. 22 funds opened positions while 40 raised stakes.
  • Shannen Doherty Shares A Heartbreaking Photo For Breast Cancer Awareness

    Shannen Doherty Shares A Heartbreaking Photo For Breast Cancer Awareness

    Shannen Doherty is honoring Breast Cancer Awareness Month in a very personal way. "I had started chemo . Gained people and lost people. "Felt ugly and yet more lovely inside than I had ever felt before".
    NEW MUTANTS Trailer Coming Friday

    NEW MUTANTS Trailer Coming Friday

    What we do see are five young mutants, played from everyone from newcomer Blu Hunt to Game of Thrones star Maisie Williams . True to the advance word on the film, you won't find any costumes here, nor any familiar X-Men.

    Reinsurance Group of America, (RGA) Earning Positive Media Coverage, Study Finds

    On average, equities research analysts forecast that Reinsurance Group of America, will post $10.22 EPS for the current year. The stock of Reinsurance Group of America Inc (NYSE:RGA) has "Hold" rating given on Thursday, July 27 by Wells Fargo.
  • Mobile puts a cap on fast mobile data

    T-Mobile notes you can still pay for the One Plus International add-on and get unlimited LTE in Mexico and Canada. The feature was and still is available to certain T-Mobile subscribers, but that will be changing on November 12.
    Oppo F3 Lite With 16-Megapixel Front Camera Launched: Price, Specifications

    Oppo F3 Lite With 16-Megapixel Front Camera Launched: Price, Specifications

    On the optics front, OPPO F3 Lite sports a rear camera of 13-megapixel along with an aperture of f/2.2, laser focus and PDAF. Well, Oppo has started sending media invites for the launch event of a new smartphone in Mumbai on November 2 at 12:00 PM.
    Ask BCCI about my yo-yo test, says Suresh Raina

    Ask BCCI about my yo-yo test, says Suresh Raina

    He, alongside Yuvraj Singh, was not picked to play for Virat Kohli-led India after reportedly failing the Yo-Yo test. We have still five more games to go and after that match we had a chat. "It was a different wicket".
  • Provident Financial plc (PFG) Rating Reiterated by Numis Securities Ltd

    Provident Financial plc (PFG) Rating Reiterated by Numis Securities Ltd

    Over the last 30 and 90 trading days the company share price has decreased 37.5 points and decreased 1528.5 points respectively. The stock was purchased at an average price of GBX 3,163 ($40.63) per share, for a total transaction of £158.15 ($203.15).
    SpaceX Successfully Launches EchoStar 105/SES-11

    SpaceX Successfully Launches EchoStar 105/SES-11

    This launch is the first of eight launches scheduled that will place 75 satellites in orbit for the company. The satellite offers comprehensive coverage over North America, including Hawaii, Mexico and the Caribbean.
    Twelfth straight quarter of weaker computer sales

    Twelfth straight quarter of weaker computer sales

    In Asia/Pacific, PC shipments reached 24 million units in the third quarter of 2017, down 2.1% on same quarter a year ago . The outlook for the fourth quarter remains cautious, likely with a small decline in volume for the quarter and the year.


Most liked

Today Analysts Focus on Great Plains Energy Incorporated (GXP), Sterling Bancorp (STL)
The price to book ratio or market to book ratio for Great Plains Energy Incorporated (NYSE: GXP ) now stands at 1.280350. Great Plains Energy Incorporated (GXP ) stock price traded Upswing on volume of 1.6 million shares in recent session.

Nehra set to retire
The Delhi-native has collected 44 test, 157 one-day worldwide and 34 Twenty20 wickets in his 18-year global career. In his prolonged journey, the veteran picked 157 ODI wickets for the country.

People Shot, Killed in Aliso Viejo
Resident Stephanie Reynolds said she couldn't believe shots were fired in what is described as a normally calm neighborhood. Local police responded to Aliso Viejo Middle School, near the scene of the shooting, after a report about a loud boom, Lt.

Holland's Nuon finishes streets ahead in 2017 World Solar Challenge
But first, the team took the now traditional dip in the Victoria Square fountain as supporters cheered them. We knew it was going to go either really well, or really not well.

Diebold, Incorporated (NYSE:DBD) Valuation According To Analysts
After $0.08 actual EPS reported by Diebold Nixdorf Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Dimensional Fund Advisors Ltd Partnership invested in 176,747 shares. 1,275 were accumulated by Bancshares Of America De.

Supreme Court to deliver verdict on women entering Kerala's Sabarimala temple today
In February, the apex court had reserved its order on referring the case to a constitution bench, Deccan Chronicle reported. This customary ban had been codified in Kerala Hindu Places of Public Worship (Authorisation of Entry) Rules, 1965.

Invesco Municipal Trust (VKQ) Earns News Impact Rating of 0.33
Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. Investors may have to make a decision whether to take a conservative stance, or put the pedal to the metal.

Venus Williams dumped out of Hong Kong Open — WTA Tour
The loss in straight sets was puzzling. "She played well", a disappointed Williams, 37, told reporters. The Prudential Hong Kong Open proved to be that breakout tournament.

Jason Aldean Resumes Tour, Performs First Concert Since Las Vegas Shooting
A few previously scheduled concerts were canceled out of respect for the victims and for the crew to process what had happened. And while there are police on scene, the fans are just excited to be here for an emotional evening.

Gold climbs to 2-week high ahead of U.S. inflation data
The bullish wholesale data comes ahead of US retail inflation data - measured by the consumer price index - slated for Friday. Hurdles in USA tax and healthcare reforms had also recently pressured the currency.

Target (TGT) EPS Estimated At $0.85; USA Truck (USAK) Has 0.77 Sentiment
TheStreet raised shares of Target Corporation from a "c+" rating to a "b" rating in a research note on Thursday, September 28th. Jefferies Group LLC restated a "hold" rating on shares of Target Corporation in a research note on Friday, August 25th.

American Equity Investment Life (NYSE:AEL) Trading Volume Significantly Lower
American Equity Investment Life Holding Company (NYSE:AEL) is worth US$2.59 Billion and has recently risen 0.2% to US$29.61. Investors sentiment increased to Infinity in 2017 Q2. 0 analysts call it Underweight, while 1 think it is Overweight.

Stock Rating Update on the Shares of Delcath Systems Inc (DCTH)
To measure price-variation, we found DCTH's volatility during a week at 8.08% and during a month it has been found around 17.4%. PetMed Express, Inc. (PETS) pays a dividend of 0.80, which translates to dividend yield of 2.24% based on the current price.

Supreme Court's under-18 ruling triggers fresh debate on teen sexuality
As per Section 375 of the IPC , which defines rape, sex with a woman under the age of 18 is a criminal offence. It said if a married girl was over 15 years of age, her husband could not be charged with any offense.

Arrested Indian fishermen by Sri Lankan Navy sent for police remand
Sri Lanka Navy on Wednesday has handed over 6 more Indian fishing trawlers back to India, having made repairs to them. Detention of Indian fishermen by Lankan authorities is frequent, as they often cross the worldwide maritime boundary.