More reduction in fuel rates by states likely to boost demand for auto sector
The New Indian Express|November 06, 2021
DAYS after the central government announced cutting down excise duty on retail fuel prices, several states, especially those ruled by the Bhartiya Janta Party (BJP), have come forward and offered similar cut on value added tax it charges on fuel.

After this deduction, petrol price has been further reduced by as much as 8.7 per litre and diesel by 9.52 in these states and Union territories.

Auto industry experts said that is a welcome sign for the sector where sales of two-wheelers took a big hit due to increased fuel prices.

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