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Bhagwant Mann government increased VAT on petrol and diesel.
Bhagwant Mann government increased VAT on petrol and diesel.
Punjab Petrol-Diesel Price: The Bhagwant Mann government of Punjab has announced to increase VAT on Petrol and Diesel. In such a situation, the price of petrol and diesel has increased. Please inform that the Hon’ble Government had taken this decision only yesterday. Petrol and diesel are available at new rates in Punjab from 12 o’clock last night. Let us inform that for this a cabinet meeting was held in Mansa on Friday, in this meeting the decision to increase VAT has been approved. The Punjab government has announced an increase of VAT by 92 paise per liter on the price of petrol and 88 paise per liter on the price of diesel.
These are the latest prices of petrol and diesel
After increasing VAT on petrol and diesel, petrol and diesel are being available at an increased rate from 12 o’clock last night. For this, the State Excise and Taxation Department has given information by issuing a notification. It is being told that the Bhagwant Mann government has announced the imposition of VAT on petrol and diesel to generate additional resources. After the increase in VAT, a liter of petrol in Punjab costs Rs 98.65 and a liter of diesel costs Rs 88.95 per litre.
Petrol-diesel became costlier for the second time in 2023
Let us tell you that the government has increased the tax on petrol and diesel for the second time this year. Earlier in February this year, the Hon’ble government had decided to impose a cess of 90 paise per liter on petrol and diesel. Due to this an increase in the price was seen, now once again the government has decided to increase the VAT. In such a situation, an increase in the price of petrol and diesel has been seen once again. It is estimated that by increasing VAT, the state government will get an additional revenue of Rs 600 crore. At the same time, officials say that despite the increase in VAT, the price of diesel in Punjab is cheaper than in neighboring Haryana.
read this also…IOCL released the latest rates of petrol and diesel, know the latest rates from Delhi to Bihar
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