Wednesday, July 6, 2022

Petrol price down by Rs 10, diesel by Rs 5 in Punjab

 In a major reprieve to the people across the state, the Punjab Chief Minister Charanjit Singh Channi on Sunday announced to slash the prices of petrol and diesel by Rs 10 and Rs 5 per litre respectively from Sunday.

Talking to the media persons here at Punjab Bhawan after the Cabinet meeting, CM Channi said that with this decision now Punjab has the lowest petrol rates in the region (except UT Chandigarh) and the rates of Diesel in Punjab are also much lower than Haryana and Rajasthan. With this decision, the rate of VAT on Petrol has been reduced from 27.27% (24.79%+10% surcharge) to 15.15% (13.77%+10% surcharge) and on Diesel from 17.57 % (15.93%+10% surcharge) to 10.91% (9.92%+10% surcharge).

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Taking a dig at the BJP led government at Centre, CM Channi said that it is really unfortunate on the part of its leadership to slash the prices of petrol and diesel by Rs.5 and Rs. 10 per litre respectively w.e.f November 4, 2021 thereby cutting down the excise duty, which adversely impacts the income of all states including Punjab having 42% share in the excise duty collected by Centre.

Citing the comparative details of MRPs of diesel and petrol in Punjab and the neighbouring states and UTs, after excise duty and VAT rate cuts, CM Channi mentioned as below:

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State /Union Territory Rate per litre of petrol (Rs. /ltr) Rate per litre of diesel (Rs. /ltr)
Punjab 95.00

(w.e.f midnight today)

83.75

(w.e.f midnight today)

Delhi 104.01 86.71
Haryana 95.29 86.53
Himachal Pradesh 95.76 80.34
Jammu & Kashmir 96.13 80.31
Chandigarh 94.21 80.89
Rajasthan 116.27 100.46

The Chief Minister said after slashing the VAT on petrol and diesel, the new petrol rate in Punjab from tonight would be Rs.95/litre instead of earlier Rs.105/litre. Likewise, the new diesel rate would be Rs.83.75/litre from tonight instead of Rs.88.75/litre as compared to Delhi, where the prevailing rate of petrol is Rs.104.01/litre and diesel Rs.86.71/litre, respectively.

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