Punjab governmentabolishes octroi on petrol, diesel

 The Punjab government Monday announced its decision to abolish octroi on petrol and diesel in the state. This will lower prices of the fuel by up to Rs.2.
state government spokesman said that the decision was taken in a meeting of the Punjab cabinet, headed by Chief Minister Parkash Singh Badal, here.
The abolition of octroi will reduce prices of petrol and diesel by Rs.1-2 per litre, officials said here.
The spokesman said that the state government had already abolished octroi on all items except electricity, petrol and diesel with effect from Sep 1, 2006.

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