Excelsior Correspondent
JAMMU, July 22: The prices of petrol and diesel have gone up in Jammu and Kashmir from today as the State Government has increased the rate of tax on sale of motor spirit and diesel.
According to the order issued by Navin K Choudhary, Commissioner Secretary, Finance Department, the rate of tax on sale of motor spirit and diesel will be levied and paid at the rate of 24% and 16% respectively from today onwards.
The order has been issued in exercise of the powers conferred by Section 3 of the Jammu and Kashmir Motor Spirit and Diesel Oil (Taxation of Sale) Act and in supersession of notifications SRO-118 dated April 1, 1999 and SRO-3 dated January 27, 2000.
With the increase in rate of tax, petrol price has increased from Rs 67.94 per litre to Rs 70.05 per litre. Similarly, the diesel price has increased from Rs 49.34 per litre to Rs 51.03 per litre.
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