New Delhi : Punjab has witnessed the highest cut in petrol price of ₹16.02 a litre; while Ladakh experienced a price cut of ₹9.52 per litre in diesel.
Congress-led Punjab saw a lowered petrol price in the country following relaxation in local sales tax or VAT the most; while Union Territory of Ladakh witnessed the same in diesel rates for the same reason.
After the Union government’s decision of minimising excise duty on petrol by ₹5 per litre and that on diesel by ₹10 a litre, 25 States and U.T.s have cut VAT to allow consumers battered by record-high retail prices, breathe a sigh of relief.
Petrol price has been further reduced by as much as ₹16.02 per litre and diesel by ₹19.61 a litre as a result of combined impact of the excise duty and VAT cut, according to price charts available from state-owned fuel retailers.
Poll-bound Punjab has seen the most cut in petrol price of ₹16.02 a litre, followed by U.T. of Ladakh with ₹13.43 a litre and Karnataka (₹13.35).
The VAT reduction in Punjab is ₹11.27 per litre on petrol while in Uttar Pradesh, which will go to polls early next year to elect a new government in the State, the reduction is ₹6.96. Gujarat has seen ₹6.82 a litre reduction in VAT while Odisha has cut sales tax by ₹4.55 and by ₹3.21 in Bihar.
