Punjab has significantly reduced petrol prices of ₹ 16.02 per liter; while in Ladakh the diesel level has dropped by ₹ 9.52 per liter

Congress-led Punjab has seen a sharp drop in petrol prices in the country after a severe tax cut or VAT; while the Union Territory of Ladakh saw a significant reduction in diesel prices for the same reasons.

Submit a proposal by the Union government to reduce petrol tax by ₹ 5 per liter and for diesel by ₹ 10 per liter, 25 States and UTs will deduct VAT to reimburse consumers who are experiencing lower prices.

The price of petrol has also been reduced by Rs 16.02 per liter and diesel is ₹ 19.61 per liter due to the combination of tax breaks and VAT cuts, according to the price charts available to state fuel suppliers.

The Punjab with the vote saw the lowest fuel price of ₹ 16.02 liters, followed by UT of Ladakh with ₹ 13.43 liters and Karnataka ($ 13.35).

The VAT reduction in Punjab is 27 11.27 per liter of petrol while in Uttar Pradesh, which will hold elections early next year to elect a new government, ako 6.96. Gujarat has reduced VAT by 6.82 liters while Odisha has reduced its sales tax by ₹ 4.55 and ₹ 3.21 in Bihar.

Diesel is the lowest price in Ladakh with prices as 5 9.52 per liter due to VAT over ₹ 10 lower tax rates. Karnataka reduced VAT by ₹ 9.30, followed by a decrease of ₹ 9.02 in Puducherry.

Punjab cuts Value-Added Tax (VAT) on diesel by ₹ 6.77 liters while Uttar Pradesh cuts tax with the second lowest ₹ 2.04.

Uttarakhand has reduced VAT on diesel by ₹ 2.04 liters and Haryana has reduced ₹ 2.04. Bihar reduced VAT by ₹ 3.91 and Odisha by ₹ 5.69. Madhya Pradesh cut diesel tax by 96 6.96 per liter.

Countries / UT that have added VAT benefits are Ladakh, Karnataka, Puducherry, Jammu & Kashmir, Sikkim, Mizoram, Himachal Pradesh, Daman & Diu, Dadra & Nagr Haveli, Chandigarh, Assam, Madhya Pradesh, Tripura, Gujarat, Nagaland, Punjab. , Goa, Meghalaya, Odisha, Arunachal Pradesh, Manipur, Andaman & Nicobar, Bihar, Uttarakhand, Uttar Pradesh and Haryana.

Countries that have not yet lowered VAT including Congress and its allies have ruled Rajasthan, Chhattisgarh, Maharashtra, Jharkhand and Tamil Nadu. Delhi controlled by AAP, West Bengal controlled by TMC, Kerala led by Left, Telangana led by TRS and Andhra Pradesh led by YSR Congress also did not deduct VAT.

Since countries levy local sales tax or VAT not on the initial price but also the value provided by the Center, the total reduction rate was higher than ₹ 5 liters for petrol tax and ₹ 10 per tax deduction. in diesel. The reduction was significant in states with high VAT.

In Delhi, the price of fuel was ₹ 6.07 per liter, and diesel was ₹ 11.75, according to the price chart. Gasoline costs ₹ 103.97 per liter and diesel is priced at ₹ 86.67 per liter.

There have been no changes in commodity prices since the external tax cut was introduced from November 4th.

After changing jobs, the most expensive oil is sold in Rajasthan at ₹ 111.10 per liter (Jaipur), followed by Mumbai (₹ 109.98) and Andhra Pradesh (₹ 109.05). The oil is less than the ₹ 100-a-liter-mark in most BJP-controlled states banning Karnataka (₹ 100.58), Bihar (₹ 105.90), Madhya Pradesh (₹ 107.23) and Ladakh (₹ 102.99).

Diesel is the cheapest in Rajasthan at ₹ 95.71 per liter, followed by Andhra Pradesh ($ 95.18) and Telangana ($ 94.62).


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