Andhra Pradesh government cuts petrol, diesel prices by Rs 2

Vastavam web: In a move to provide some relief to people reeling under increasing fuel prices, the Andhra Pradesh government on Monday announced reduction in Value Added Tax (VAT) on petrol and diesel by Rs 2 per litre in the state. Andhra Pradesh has the third highest percentage of VAT on petrol (35.77 per cent) after Maharashtra and Madhya Pradesh, and highest 28.08 per cent on diesel.

Naidu made the announcement on a day when the Congress and the Left parties called nation-wide shutdown to protest fuel price hike. The activists of Naidu’s Telugu Desam Party (TDP) also took part in the protests against the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government across Andhra Pradesh and neighbouring Telangana. The TDP chief pointed out that the crude oil price during 2013-14 was 105.52 dollars per barrel but even when the price fell to 46 dollars, the NDA government did not pass on the benefit to common man.Naidu said the current price of crude oil is 72.23 dollars but the Narendra Modi government is increasing the prices every day, burdening the common man.