Rise in sale of petrol, diesel in Jalandhar after VAT cut

Jalandhar, November 9

A day after the state government reduced value-added tax (VAT) on petrol and diesel, their sale witnessed a rise in the district on Monday.

The petrol pump dealers here said while the sale was very low on Sunday as the residents were awaiting revised rates, a large number of consumers thronged petrol pumps to fill tank. Petrol and diesel were being sold at Rs 96.21 a litre and Rs 84.59 a litre, respectively, in the district on Monday.

Davinder Singh Makkar, owner, DM petroleums, at PAP Chowk, said people were eagerly waiting for the cut in fuel prices and on Monday, the sale and consumption remained double.

Similarly, the owner of HP petrol pump on the Nakodar road said in addition to commercial vehicles, a large number of personal vehicles also arrived at his petrol pump to fill fuel. “The sale was estimated above 10-15 per cent. We are expecting that the sale would increase further. Likewise, diesel vehicles also flocked to petrol pumps,” he added.

Meanwhile, Sukhmohan Singh Sehgal, president of the Jalandhar Petroleum Association, said even as prices of petrol and diesel had been slashed in the state, diesel was still costlier than neighbouring states. “A surge was seen today, but the profits would be calculated after a few days. Compared to the sale on Diwali, when the Centre reduced excise duty, the sale was pretty low,” added Sehgal. — TNS

Join Whatsapp Channel of The Tribune for latest updates.