Press Esc to close
Tuesday 23 September 2014
News updated at 5:44 PM IST
Weather
Max: 30.8°C
Min : 21.5°C
In Bangalore
Sunny day

Petrol, diesel rates up in Punjab

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
In this Sept. 11, 2013, file photo, Indian engineers work on the Mars orbiter spacecraft at the...

In this Sept. 11, 2013, file photo, Indian engineers work on the Mars orbiter spacecraft at the...

Japan's (L-R) Masahiro Yamada, Seiya Takano and Takeshi Terashima celebrate a point during their...

Japan's (L-R) Masahiro Yamada, Seiya Takano and Takeshi Terashima celebrate a point during their...

Star shuttler Saina Nehwal and National badminton coach Pullela Gopichand during the...

Star shuttler Saina Nehwal and National badminton coach Pullela Gopichand during the...

India's Abhinav Bindra concentrates to shoot at the Men's 10m Air Rifle qualification at the 17th...

India's Abhinav Bindra concentrates to shoot at the Men's 10m Air Rifle qualification at the 17th...

Japan's Sakiko Shimizu swims in her women's 400m individual medley heat at the 17th...

Japan's Sakiko Shimizu swims in her women's 400m individual medley heat at the 17th...

Japan's Takeshi Terashima (L) strikes the ball against India during their men's team...

Japan's Takeshi Terashima (L) strikes the ball against India during their men's team...

Siddaramaiah opens online portal along with facebook and twitter handles of CM's office...

Siddaramaiah opens online portal along with facebook and twitter handles of CM's office...

Iran's President Hassan Rouhani, center, prepares to give a speech...

Iran's President Hassan Rouhani, center, prepares to give a speech...

Turkish Kurdish protesters clash with Turkish security forces during a pro-Kurdish protest ...

Turkish Kurdish protesters clash with Turkish security forces during a pro-Kurdish protest ...

Students of Govt Womens College, Hunsurperform Parisara Samrakshane during Dasara Yuva Sambrama...

Students of Govt Womens College, Hunsurperform Parisara Samrakshane during Dasara Yuva Sambrama...

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