Press Esc to close
Thursday 27 July 2017
News updated at 2:49 AM IST

Petrol, diesel rates up in Punjab

Last updated: 05 February, 2010
Chandigarh, Feb 5 (PTI) 16:16 IST

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
Bihar Chief Minister Nitish Kumar coming out of Raj Bhawan after meeting Governor KN Tripathi...

Bihar Chief Minister Nitish Kumar coming out of Raj Bhawan after meeting Governor KN Tripathi...

India's Cheteshwar Pujara, left, and Shikhar Dhawan cheer each others during the first day's play...

India's Cheteshwar Pujara, left, and Shikhar Dhawan cheer each others during the first day's play...

Army officers pay homage at the Dras War Memorial on the occasion of Kargil Vijay Diwas, in Dras...

Army officers pay homage at the Dras War Memorial on the occasion of Kargil Vijay Diwas, in Dras...

Indian Women's Cricket team poses for a group photo during a press conference in Mumbai...

Indian Women's Cricket team poses for a group photo during a press conference in Mumbai...

Actor Akshay Kumar at a function organised to celebrate Kargil War Victory Day at Yashwantrao...

Actor Akshay Kumar at a function organised to celebrate Kargil War Victory Day at Yashwantrao...

Sand artist Sudarsan Pattnaik creates five sand sculptures of A P J Abdul Kalam at Puri beach...

Sand artist Sudarsan Pattnaik creates five sand sculptures of A P J Abdul Kalam at Puri beach...

Anant Maheshwari, President, Microsoft India and Rajiv Kumar, Corporate Vice President...

Anant Maheshwari, President, Microsoft India and Rajiv Kumar, Corporate Vice President...

Former Jharkhand Chief Minister Madhu Koda is seen ploughing his field, in Ranchi on Wednesday...

Former Jharkhand Chief Minister Madhu Koda is seen ploughing his field, in Ranchi on Wednesday...

Children move to safer place from a flooded village at Thiba in Birbhum district of West-Bengal...

Children move to safer place from a flooded village at Thiba in Birbhum district of West-Bengal...

Water level rise above danger level in Sipu dam after heavy rains in Deesa on Wednesday...

Water level rise above danger level in Sipu dam after heavy rains in Deesa on Wednesday...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.