Capt asks CM to reduce taxes on petrol in Punjab

He added: “Under the Akali-BJP regime,a total of 32.75 per cent taxes have been imposed on petrol. The state charges 27.5 per cent VAT,10 per cent surcharge on VAT,Re 1 per litre infrastructure development cess and 1.5 per cent octroi. In stark contrast,Haryana has 20.5 per cent,Himachal Pradesh 24 per cent and Chandigarh 22 per cent taxes. While he is criticisng the hike,the CM must be happy in the heart of his hearts,as any hike in petrol price is going to generate extra revenues with proportionate increase in the taxes collected on the sale of petrol.”

Justifying the hike,Amarinder said that petroleum prices are determined by the international market and Indian companies were already suffering an annual loss of about Rs 1.2 lakh crore on account of subsidy.