Tamil Nadu hopes to earn Rs 2,500 cr by hiking VAT on petrol, diesel prices
The government said the VAT was increased so that the state revenue is protected as and when the global oil prices come down and the interests of consumers would be protected when there is a hike in the global oil prices.
Tamil Nadu government will be beefing up its revenue with the increase in value added tax (VAT) on petrol and diesel by Rs 2,500 crore, Photo: Reuters