Srinagar: Following the announcement of record reduction in excise duty rates on fuel the administration in Jammu and Kashmir also declared a cut in VAT.
“Hon’ble PM @narendramodi Ji has given a great Deepawali gift by announcing reduction in excise duty on Petrol and Diesel. In addition, J&K admin has decided to reduce additional Rs.7 on Petrol & Diesel, thereby reducing Petrol price by Rs.12/litre &Diesel by Rs.17/litre in UT from today,” Lt Guv Manoj Sinha tweeted.
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