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Rs 1,400 crore 'fee' burden; petrol, diesel dearer in Punjab

The Cabinet decided to introduce 'ID Fee' of Re one per litre on diesel and hiked the 'ID Fee' on petrol from the existing Re one to Rs two per litre.

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Petrol, diesel, electricity, sugar as well as registration of property will now be costlier in Punjab with the state government deciding to levy various "fees" and taxes to mop up additional revenue of Rs 1,400 crore annually.

The decisions were taken at a Cabinet meeting, which was conspicuously chaired by Deputy Chief Minister Sukhbir Badal, without any reason being given about the absence of Chief Minister Parkash Singh Badal.

The Cabinet decided to introduce 'ID Fee' of Re one per litre on diesel and hiked the 'ID Fee' on petrol from the existing Re one to Rs two per litre. The hike will be more after the addition of local taxes - around 12% on diesel and 30% on petrol.

Electricity for all types of consumers will also become costlier as the state cabinet decided to introduce 5% ID fee "on value of electricity consumed", an official release said. Similarly, the Cabinet also approved levy of ID Fee at the rate of 1 % on the purchase of immovable property within Punjab," the release said.

Besides, sugar coming to Punjab from other states will also become costlier due to the introduction of Entry Tax which would be 11%. "These measures are likely to mop up additional revenue of nearly Rs 1,400 crore annually," said the release issued by the Chief Minister's Office. 

Also Read: Petrol price hiked by Rs 3.13 a litre, diesel Rs 2.71 per litre

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