Chandigarh: Petrol price is set to become costlier by over Rs 2 per litre in Haryana with the BJP led state government raising VAT on petrol by five per cent, which will fetch Rs 245 crore per annum in additional revenue.
“Haryana government has decided to amend the Value Added Tax (VAT) rate on petrol from 20 per cent to 25 per cent,” said an official spokesman here, adding that it would garner additional revenue of Rs 245 crore.
With the increase in tax, the price of petrol in Haryana will jump by about Rs 2.20 per litre to Rs 59.36 a litre. Before the hike in tax, petrol was priced at Rs 57.16/litre.
Despite the hike in tax on petrol, the fuel will continue to be cheaper compared to Punjab. In Mohali, petrol price rules at Rs 63.21 per litre.
However, petrol in Haryana will become costlier compared to UT Chandigarh. The price of petrol in Chandigarh is Rs 57.24 per litre.
Notably, petrol and diesel prices had been cut by Rs 2.42 per litre and Rs 2.25 per litre respectively by oil marketing companies earlier this month.
