Petrol to be cheaper by ₹10 in Punjab from Monday, diesel by ₹5
The Hindu
Punjab Chief Minister said the new rate of petrol will be ₹95 per litre and that of diesel would be ₹83.75 per litre
The Congress-led government in Punjab on Sunday announced a reduction in value added tax (VAT) on petrol and diesel, making them cheaper by ₹10 and ₹5 per litre respectively in the state.
The new rates will be effective from midnight. Currently, petrol and diesel rates in Punjab are ₹106.20 and Rs 89.83 per litre respectively.
The move, which will cost the State nearly ₹6,000 crore, comes days after the BJP-led central government reduced excise duty on petrol and diesel, and several other states, including Haryana and Himachal Pradesh, slashed VAT rates on the fuels to give relief to consumers.
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