Petrol price down ₹11, diesel’s plunges by ₹18 in Chandigarh

Following the Centre’s cut in excise duty and further reduction in VAT by the Chandigarh administration and Haryana government, fuel prices have dropped drastically in Chandigarh and Panchkula.

However, with the Punjab government failing to announce any VAT cut, the price gap with Mohali has further widened.

The Union government slashed excise duty on petrol by ₹5 and on diesel by ₹10 on Diwali eve. Following its lead, the UT administration reduced VAT on both fuels by ₹7. According to a notification issued by the excise and taxation department on Thursday, VAT on petrol has been reduced from 22.45% to 15.24%, and on diesel from 14.02% to 6.66%.