Chandigarh, June 12 (UNI) In a significant move to provide relief to the public, the Punjab Cabinet today approved the reduction in the levy of VAT by 50 per cent on the recently enhanced prices of diesel, petrol and LPG by the Central Government.
The Cabinet met here this evening under the chairmanship of Chief Minister Parkash Singh Badal.
This decision would give a relief of Rs 75 crore per annum to the people of Punjab. With this decision, diesel in Punjab would be cheapest in the country.
This decision would also give relief on the prices of petrol which had now been reduced by 65 paisa per litre. There would be 50 per cent reduction on the levy of VAT also on the incremental prices of LPG.
This decision would be referred to the State Election Commission and the notification in this regard would be issued only after seeking approval from the Commission. This is being done in view of the code of conduct which is in force due to the Municipal Council polls scheduled for June 30.
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