Effective 1st April, the worth of Compressed Natural Gas (CNG) will scale back to ₹79 per kg from ₹93 per kg, giving a much-needed enhance to the gas-based economic system.
“The reduction of VAT to 5% from 24.5% is an exemplary step that paves the way for the State to chart out a whole new path of sustainable development and herald a new age of natural gas-driven industrial growth,” mentioned Abhilesh Gupta, managing director and chief government officer of AG&P Pratham, a pure gasoline provider working throughout undivided Kadapa, Anantapur, Chittoor and Nellore districts.
The firm has introduced that it’ll cross on the whole advantage of tax discount to the tip customers, which will even encourage extra folks to make use of the CNG, considerably lowering air pollution.
Source: www.thehindu.com
