‘VAT on petrol, diesel against spirit of Invest Punjab’

Amritsar, June 13 The Punjab Pradesh Beopar Mandal (PPBM) has slammed the AAP government in state for hike in the price of petrol and diesel stating that it had increased the cost of input in industries. Piara Lal Seth,...

Tribune News Service

Updated At : 01:03 PM Jun 14, 2023 IST

Amritsar, June 13

The Punjab Pradesh Beopar Mandal (PPBM) has slammed the AAP government in state for hike in the price of petrol and diesel stating that it had increased the cost of input in industries.

Piara Lal Seth, president of the Board, suggested that the increase in VAT by Rs 1.13 on diesel and Rs 1.08 on petrol will only add to inflation in the state. The government has already hiked the power tariff affecting trade and other commercial activities.

Both these hikes put together raise the investment cost substantially. The Beopar Mandal fears that Punjab-based manufacturers will lag behind in competition in the country and abroad with these hikes.

‘VAT on petrol, diesel against spirit of Invest Punjab’

Tribune News Service

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