The Punjab government on Monday slashed the rates of petrol and diesel by Rs 5 and Re 1, respectively in the annual budget presented for the state. The reduced rates will be applicable from midnight, Finance Minister Manpreet Singh Badal said.
“Starting midnight (today), petrol and diesel will be cheaper in Punjab. With the reduction, the diesel price will be the lowest in the region.” Badal said that VAT (value added tax) had been reduced to effect the price reduction in the state.
“Why should Chandigarh take advantage of the price variation. This was essential to promote trade in Punjab,” Badal asserted.
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