Fuel prices rise again, Punjab CM rules out VAT cut; Dealers in Delhi to shut petrol pumps on Oct 22
Fuel price hike: Fuel prices continued to rise on Tuesday with no sign of relief in the coming days for the citizens.
Meanwhile, Punjab Chief Minister Amarinder Singh on Monday ruled out the reduction in Value Added Tax (VAT) on petrol and diesel in the state for now and stated that VAT collection on petrol was one of the three sources of income for the state. While addressing the media the CM said that if the Punjab government reduced VAT on petrol and diesel, it would be difficult for the state to function.
On the other hand, Delhi Petrol Dealers Association (DPDA) yesterday said that all 400-odd petrol pumps in the national capital will remain closed on October 22 in protest against the Delhi government's refusal to cut VAT on petrol and diesel. "There are about 400 petrol pumps in Delhi which also have linked CNG pumps with them. Both will remain closed in protest from 6.00 am onwards on October 22 and remain closed till 5.00 am on October 23, 2018," the association said in a statement. It said the Union government on October 4 slashed the petrol and diesel price by Rs 2.50 by reducing excise duty and asking state-owned oil firms to bear subsidy. This was matched by several states which reduced local sales tax or VAT.
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