Cash-Strapped Bhagwant Mann-led Punjab Govt Take These Hard Measures; Check Here

The Punjab government has taken measures to reduce the state’s debt burden. The Bhagwant Mann government has increased value-added tax (VAT) on petrol and diesel by 61 paise and 92 paise respectively.
The Mann government has also cut the subsidised power tariff for domestic consumers by Rs 3. The previous Congress government had brought the scheme. The step has been taken to improve the state’s economy as the Centre has also suspended Rs 10,000 crore funds to Punjab.
In the Union Territory of Chandigarh, prices of petrol and diesel are Rs 94.24 and Rs 82.40 per litre, respectively.
A decision in this regard was taken by the council of ministers in a meeting chaired by Punjab Chief Minister Bhagwant Mann here.
At present, the retail price of petrol in Mohali stands at Rs 97.01 per litre and diesel is priced at Rs 87.21.
Already, the fuel is more expensive in Punjab than in Chandigarh.
Fuel pump owners strongly condemned the decision of the AAP-led government, saying it would hit their business hard.
They further said it is the third time that the Bhagwant Mann-led government raised fuel prices in the past two-and-a-half years.
(With PTI Inputs)