A day after the Centre reduced excise duty on fuel, several state governments reduced the Value Added Tax (VAT) on petrol and diesel. On Saturday, the Centre had cut excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre to give relief to consumers battered by high fuel prices that have also pushed inflation to a multi-year high. The excise duty cut would translate into a reduction of Rs 9.5 a litre on petrol and Rs 7 a litre on diesel after taking into account its impact on other levies. After the Central government’s decision to cut excise duty, several state governments slashed VAT on petrol and diesel. In an exclusive interview with India Today's Rajdeep Sardesai on News Today, Tamil Nadu's Finance Minister Palanivel Thiagarajan talks about the reduction of VAT on petrol and diesel. Watch here: #PetrolPrices #DieselPrices #VAT #IndiaToday Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button! India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more. Stay tuned for latest updates and in-depth analysis of news from India and around the world! Download App: https://indiatoday.link/wHaj Follow us: Official website: https://www.indiatoday.in/ Twitter: https://twitter.com/IndiaToday Facebook: https://www.facebook.com/IndiaToday