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The government led by Punjab Chief Minister Saranjit Singh Sunny has reduced petrol and diesel prices by Rs 10 and Rs 5 per liter, respectively. Effective from midnight yesterday.
The excise duty on petrol and diesel has been reduced by Rs 5 and Rs 10 respectively in the last few days. In addition, the Union Finance Ministry has requested the state governments to reduce the VAT levied on fuels. This was followed by the BJP in Uttar Pradesh, Karnataka and Goa. In the states where they ruled, those governments immediately reduced VAT. The states of Odisha and Jammu and Kashmir have also reduced VAT.
The Aam Aadmi Party (AAP) and the BJP have demanded that the Congress-led government reduce VAT on petrol and diesel in Punjab. Parties, including the Akali Dal, insisted. In this context, the state cabinet met yesterday under the chairmanship of Chief Minister Saranjit Singh Sunny. After the meeting, Chief Minister Saranjit Singh Sunny met the media. Then he said: We have decided to reduce petrol and diesel by Rs 10 and Rs 5 respectively.
Effective today (yesterday) at midnight. Thus he said. In Punjab, petrol prices were at Rs 106.20 per liter and diesel at Rs 89.83 per liter yesterday (before the state government cut prices).
