Petrol, Diesel To Be Costlier From Monday
Jammu, May 29 (GNS): Government on Friday increased the rate of tax on sale of petrol and diesel in J&K by Rs. 2 per litre and Rs 1 per litre respectively. The new rates will be effective from Ist June 2020. The tax increase on petrol and diesel in J&K follows a similar move by the neighbouring states of Punjab, Haryana and Delhi last month. Himachal Pradesh has also enhanced rates on the sale of diesel and petrol effective from 1st June 2020.
The government issued the order, a copy of which lies with GNS, in exercise of the powers conferred by Section 3 and 3A of the Jammu and Kashmir Motor Sprit and Diesel Oil (Taxation of Sale) Act Samvat 2005 and in supersession of all the previous notifications on the subject. (GNS)