Press Esc to close
Monday 24 November 2014
News updated at 9:39 PM IST
Weather
Max: 0°C
Min : 0°C
In Bengaluru
Sunny day

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
Bengaluru pride march for freedom, equality, justice

Bengaluru pride march for freedom, equality, justice

Asia Cup Championship for Deaf 2014

Asia Cup Championship for Deaf 2014

Kashmiri Pandit's protest against Jammu Police

Kashmiri Pandit's protest against Jammu Police

Bridal Fashion show of Trousseau week by Mirrors and Within, Latha Puttanna (Shristhi), Apranje

Bridal Fashion show of Trousseau week by Mirrors and Within, Latha Puttanna (Shristhi), Apranje

Winter Session of Parliament

Winter Session of Parliament

Mercedes F1 driver Lewis Hamilton of Britain celebrates after winning the Abu Dhabi F1 Grand Prix

Mercedes F1 driver Lewis Hamilton of Britain celebrates after winning the Abu Dhabi F1 Grand Prix

Winners of Delhi Half Marathon 2014

Winners of Delhi Half Marathon 2014

Elderly women take part in Tug-of War during annual month long sports competition...

Elderly women take part in Tug-of War during annual month long sports competition...

A tigress in a playfull mood at the Maharajbag Zoo in Nagpur, Maharashtra...

A tigress in a playfull mood at the Maharajbag Zoo in Nagpur, Maharashtra...

Indian Air Force (IAF) Sukhoi Su-30 fighter aircrafts make a formation in the shape...

Indian Air Force (IAF) Sukhoi Su-30 fighter aircrafts make a formation in the shape...

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