GET Stock QuotesNews18 APP
News18 English

Madhya Pradesh

Rajasthan

Poll in 1 seat deferred

Chhattisgarh

Telangana

Mizoram

»
1-min read

Tax on Petrol, Diesel Slashed in Chandigarh

The administration on Tuesday announced that the value added tax (VAT) on diesel or high speed diesel will be reduced from 16.40 per cent to 11.40 per cent.

PTI

Updated:October 17, 2017, 9:34 PM IST
facebookTwittergoogleskypewhatsapp
Tax on Petrol, Diesel Slashed in Chandigarh
Image for representation (File Photo: AP)
Loading...
Chandigarh: Fuel prices are set to drop in UT Chandigarh from Wednesday with the city administration deciding to bring down the VAT on petrol and diesel.

The administration on Tuesday announced that the value added tax (VAT) on diesel or high speed diesel will be reduced from 16.40 per cent to 11.40 per cent.

Similarly, the tax on petrol including branded premium petrol will be slashed from 24.74 per cent to 19.74 per cent, according to a release issued by the Chandigarh administration on Tuesday.

The diesel price now will be Rs 55.20, Rs 2.48 lower than the present rate of Rs 57.68 per litre. Similarly, the price of petrol will come down by Rs 2.74 per litre to Rs 65.66 from Rs 68.40 per litre, fuel pump owners said.

With the reduction in the tax on fuel, diesel in Chandigarh will be cheaper by Rs 2.23 per litre as compared to the price in neighbouring Mohali district, which falls under Punjab.

The gap between the petrol price in Chandigarh and Mohali will also go up to Rs 8.11 per litre. At present, petrol price in Mohali is Rs 73.77 per litre.

The decision to reduce tax on fuel came after Centre had asked the states to lower tax on fuel.

Meanwhile, fuel pump owners in neighbouring cities like Mohali, Panchkula, Rupnagar expressed concerns.

"It will lead to a diversion of trade and our business will be severely hit," said Mohali based fuel pump owner Ashwinder Singh Mongia.
(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Kotak Mahindra 1,198.35 -6.35
Reliance 1,090.25 -3.84
Sun Pharma 399.00 -2.98
CPSE ETF 22.32 -0.80
Yes Bank 165.65 -0.33
Company Price Change %Gain
Reliance 1,088.50 -3.95
Kotak Mahindra 1,198.15 -6.56
Yes Bank 165.35 -0.45
Sun Pharma 398.85 -3.03
CPSE ETF 22.33 -0.76
Top Gainers
Company Price Change %Gain
IOC 134.35 3.55
BPCL 330.25 1.49
HPCL 226.70 0.85
Coal India 238.15 0.59
Maruti Suzuki 7,350.50 0.50
Company Price Change %Gain
Coal India 238.60 0.76
Maruti Suzuki 7,350.10 0.49
Top Losers
Company Price Change %Gain
Kotak Mahindra 1,198.35 -6.35
Indiabulls Hsg 686.60 -4.22
UltraTechCement 3,776.55 -3.97
Reliance 1,090.25 -3.84
Adani Ports 359.15 -3.83
Company Price Change %Gain
Kotak Mahindra 1,198.15 -6.56
Reliance 1,088.50 -3.95
Adani Ports 359.35 -3.85
Asian Paints 1,272.70 -3.48
Tata Motors 156.85 -3.45

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results