With this increase, the Odisha government will collect VAT of Rs 16.60 per litre of petrol and Rs 14.34 per litre of diesel.
Value Added Tax (VAT) on petrol has been increased to 26.80 per cent and 17.48 per cent on diesel. The prices have gone up starting Monday midnight.
My own experience of two years while chairing the GST Council was that finance ministers of states, notwithstanding the political position their parties take, have displayed a high level of statesmanship and acted with maturity. The council worked on the principle of consensus. This has added to the credibility of the decision-making process. I am sure this trend will continue in future
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