Union Territory Chandigarh on Friday announced a Rs 1.50 per litre cut in petrol and diesel prices, effective from Friday midnight.
Fuel prices have already come down by Rs 2.5 per litre after the Centre reduced the excise duty by Rs 1.5 per litre and directed oil companies to absorb a cut of Re 1 per litre.
The Chandigarh administration has reduced the value added tax (VAT) on petrol and diesel, an official release said here.
“The sale price of petrol and diesel will come down by Rs 1.50 per litre. As the Government of India has already reduced the rate on petrol and diesel of Rs 2.50 per litre, thus the total benefit to the consumers (in Chandigarh) will be Rs 4 per litre on petrol and diesel,” it said. Read more