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Punjab Cabinet Approves VAT Hike on Petrol and Diesel to Boost Revenue

  • Punjab cabinet decided to hike VAT on diesel by 92 paise and petrol by 61 paise per litre
  • Decision made to mobilize additional revenue due to fiscal crisis
  • Free power bill in Punjab has crossed RS 20,200 crore this fiscal year
  • Decision expected to help state government collect RS 395 crore more on diesel and RS 150 crore more on petrol annually

Source: timesofindia.indiatimes.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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