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Petrol, diesel prices up in Punjab

Chandigarh: Petrol and diesel prices in Punjab are up by 91 paisa and 16 paisa respectively, as the State Government has re-imposed VAT on the fuel prices, which will bring a revenue of Rs 100 crores to the State.

The price hike came into effect from Monday night.

Last year, the then Congress government in the State had withdrawn VAT on the hiked portion of fuel prices in view of their escalating prices.

“The VAT, which was withdrawn last year on the increased rate of fuel prices, has again been imposed thereby removing that anomaly. It will result in collection of Rs 100 crores to the state exchequer,” Punjab Excise and Taxation Commissioner, A Venu Prasad told PTI.

From September last year, the government had stopped collecting VAT on Rs 4 per litre on petrol and Rs 2 per litre on diesel in order to provide relief to fuel consumers.

Meanwhile, Punjab Petrol Dealers Association said it feared that more people would now go to Haryana and Chandigarh for getting their vehicles’ fuel tanks filled.

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