Punjab govt hikes VAT on Petrol, diesel. Check latest price
The Punjab government increased VAT on petrol and diesel prices on Sunday. The Aam Aadmi Party (AAP) government increased retail petrol prices by 92 paise and diesel prices by 88 paise.
The Punjab government increased VAT on petrol and diesel prices on Sunday. The Aam Aadmi Party (AAP) government increased retail petrol prices by 92 paise and diesel prices by 88 paise.
The cost of a liter of gasoline in the state is now ₹98.65 while diesel prices will be ₹105.24 per liter in Chandigarh. Since June, the price of 1 liter of gasoline in Chandigarh ₹96.20 and diesel was ₹84.26/litre. With the latest increase, the country is hoping for additional income ₹600 crore per year as revenue.
The cost of a liter of gasoline in the state is now ₹98.65 while diesel prices will be ₹105.24 per liter in Chandigarh. Since June, the price of 1 liter of gasoline in Chandigarh ₹96.20 and diesel was ₹84.26/litre. With the latest increase, the country is hoping for additional income ₹600 crore per year as revenue.
According to the latest data from Oil Marketing Companies (OMCs), petrol prices in almost every city in Punjab are around ₹98, as of June 10. Jalandhar has the lowest petrol price ₹98.06/litre and Pathankot has the highest petrol price ₹99.01/litre.
According to the latest data from Oil Marketing Companies (OMCs), petrol prices in almost every city in Punjab are around ₹98, as of June 10. Jalandhar has the lowest petrol price ₹98.06/litre and Pathankot has the highest petrol price ₹99.01/litre.
Barnala, on the other hand, has the lowest diesel price ₹88.28/litre in Punjab and Pathankot have the highest diesel price ₹89.30/litre as of June 10th.
Barnala, on the other hand, has the lowest diesel price ₹88.28/litre in Punjab and Pathankot have the highest diesel price ₹89.30/litre as of June 10th.
This is the second hike in fuel prices by Prime Minister Bhagwant Mann’s government.
This is the second hike in fuel prices by Prime Minister Bhagwant Mann’s government.
In early February, the Punjab state cabinet approved the decision to levy a 90 paise sales tax on petrol and diesel to generate additional revenue ₹300 crore annually.
In early February, the Punjab state cabinet approved the decision to levy a 90 paise sales tax on petrol and diesel to generate additional revenue ₹300 crore annually.
Separately, the Petroleum Planning & Analysis Cell (PPAC) released data on India’s petrol and diesel consumption in May this year, underscoring strong consumer demand for both fuels. According to the data, India’s diesel consumption rose 12.8% yoy and 5% mom to 8.22 million times in May.
Separately, the Petroleum Planning & Analysis Cell (PPAC) released data on India’s petrol and diesel consumption in May this year, underscoring strong consumer demand for both fuels. According to the data, India’s diesel consumption rose 12.8% yoy and 5% mom to 8.22 million times in May.
Diesel accounts for just over 40% of all petroleum products consumed in India, followed by petrol which accounts for around 17%.
Diesel accounts for just over 40% of all petroleum products consumed in India, followed by petrol which accounts for around 17%.
Gasoline consumption in May was 3.35 million tons, up 11% yoy and 16.4% mom.
Gasoline consumption in May was 3.35 million tons, up 11% yoy and 16.4% mom.