Press Esc to close
Saturday 03 December 2016
News updated at 2:28 AM IST
Weather
Max: 26.9°C
Min : 17.6°C
In Bengaluru
Generally cloudy

Petrol, diesel rates up in Punjab

Last updated: 05 February, 2010
Chandigarh, Feb 5 (PTI)

Prices of petrol and diesel in Punjab rose by Rs 1.06 and 0.27 paise a litre respectively after the state government imposed 10 per cent additional tax effective from today on fuel.

The state government has made imposition of surcharge or additional tax effective from today on goods including petrol and diesel other than the declared goods under section 14 of the Central Sales Tax Act.

The move comes after the approval of Punjab cabinet to the report that suggested sweeping reforms in taxation structure to mop up additional revenue of Rs 4,000 crore.

After the implementation of surcharge on VAT, petrol rates has shot up to Rs 50.41, Rs 50.38 and Rs 50.39 a litre in Amritsar, Jalandhar and Ludhiana respectively. Similarly, diesel rates per litre now stands at Rs 32.81 in Amritsar, Rs 32.76 in Jalandhar and Rs 32.79 in Ludhiana.

Punjab levies VAT at 27.5 per cent on petrol and 8.8 per cent on diesel. With the imposition of surcharge on VAT, the effective VAT rate on petrol and diesel worked out at 30.25 per cent and 9.68 per cent.

Chastising the state government for imposing surcharge, Punjab Petroleum Dealers' Association President, J P Khanna said because of surcharge on VAT in Punjab, petrol prices in Punjab would be costlier by Rs 5-6 a litre compared with petrol rate prevailing in Haryana and Chandigarh.

Khanna said that the state government had assured to lift octroi on petrol and diesel after levying surcharge on VAT. "But the government has not kept its words which will hit the fuel sales in the state," he said.

He claimed that Punjab was the only state in the country which imposes octroi on petrol (1 per cent) and diesel (2 per cent). The Punjab government had recently imposed entry tax on several items including diesel, cement, plywood etc with effect from February 5 which would lead to collection of Rs 100 crore as additional revenue to the state.


Go to Top

Photo Gallery
The sunset in Kalaburgi on Friday...

The sunset in Kalaburgi on Friday...

Cricketer Yuvraj Singh and Hazel Keech during their marriage with Hindu rituals in Goa...

Cricketer Yuvraj Singh and Hazel Keech during their marriage with Hindu rituals in Goa...

Protesters throwing stones on police and CRPF amid tear smoke during a clash after Friday...

Protesters throwing stones on police and CRPF amid tear smoke during a clash after Friday...

A CRPF officer firing teargas shell at protesters throwing stones on them during a clash...

A CRPF officer firing teargas shell at protesters throwing stones on them during a clash...

A man with his son holding Kannada flag during the grand procession of 82nd Kannada Sahitya...

A man with his son holding Kannada flag during the grand procession of 82nd Kannada Sahitya...

Indias first indigenous Aircraft Carrier INS Vikrant which was undocked on completion...

Indias first indigenous Aircraft Carrier INS Vikrant which was undocked on completion...

A plane on board INS Vikramaditya during the Navy week celebrations in Mumbai...

A plane on board INS Vikramaditya during the Navy week celebrations in Mumbai...

A man transports sacks of rice in a horse-drawn cart amid the heavy fog in Allahabad...

A man transports sacks of rice in a horse-drawn cart amid the heavy fog in Allahabad...

Collecot of Nagpur Sachin Kurwe paying his last respect to the mortal remains of Nagrota martyr...

Collecot of Nagpur Sachin Kurwe paying his last respect to the mortal remains of Nagrota martyr...

Greater Flamingos fly over Chandlai Lake in Jaipur on Friday morning...

Greater Flamingos fly over Chandlai Lake in Jaipur on Friday morning...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523