Punjab govt hikes VAT on petrol, diesel; petrol now at ₹98.65/L

Punjab government on Sunday increased VAT on petrol and diesel prices. After the increase in tax, petrol will now cost ₹98.65 per litre while diesel will cost ₹88.95 per litre. This is the second hike made by Punjab government in a year. Earlier in February, state had increased VAT by 90 paise per litre for both petrol and diesel.