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Maroc Maroc - Times of India - Top Stories - 05/Sep 11:56

Cash-strapped Punjab govt slashes power subsidy, hikes VAT on fuel

To alleviate debt and enhance state revenue, the Punjab government has increased VAT on petrol by 61 paise per litre and diesel by 92 paise per litre. The subsidised power tariff of Rs 3 per unit for domestic consumers with up to a 7 kW load has also been revoked.

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