Puducherry Jan 1 (PTI) Retail prices of petrol and diesel have gone up in Puducherry by Rs 2/litre from Wednesday after the territorial government hiked Value Added Tax rate.

The government had revised the VAT on the fuel to increase revenue to meet its expenditure.

Also Read | What Is Jumped Deposit Scam? Here's How To Protect Yourself From New Online Fraud That Targets UPI Users.

The VAT on petrol sold in Puducherry region has been increased from 14.55 per cent to 16.98 per cent. As a result petrol price has gone up to 96.26/litre from Rs 94.26/litre from Wednesday, an official release said.

VAT on petrol in Karaikal region has gone up from 14.55 per cent to 16.99 per cent. As a result, the petrol price has gone up from Rs 94.03 to Rs 96.03 per litre.

Also Read | 7th Pay Commission: When Will Next DA Hike Be Announced? Know How Much Salary Hike Central Govt Employees Can Expect.

The VAT on petrol sold in Mahe region has been increased from 13.32 per cent to 15.79 per cent and as a result the petrol price shot up from Rs 91.92 per litre to Rs 93.92. In Yanam region, VAT on petrol has gone up to 15.26 per cent to 17.69 per cent leading to a hike in price from 94.92 per litre to Rs 96.92.

The VAT on diesel gone up from 8.65 per cent to 11.22 per cent in Puducherry region; from 8.65 per cent to11.23 per cent in Karaikal region, from 6.91 per cent to 9.52 per cent in Mahe region and from 8.91 per cent to 11.48 per cent for Yanam region.

The price of diesel consequently has shot up in Puducherry region to Rs 86.48 per litre from Rs 84.31; in Karaikal region to Rs 86.31 from 84.31; in Mahe to Rs 83.90 from Rs 81.90 per litre; and in Yanam region to Rs 86.75 from Rs 84.75 per litre.

Official sources said that as there was a huge difference in prices of petrol and diesel between Puducherry and neighbouring States there was still scope for revenue mobilisation as prices of the fuel in Puducherry are still lower than the neighbouring states.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)