Petrol and diesel prices in Uttar Pradesh will go up by ₹2.5 and Re 1 respectively from Monday midnight as the government increased VAT.The Value Added Tax (VAT) on petrol has been increased to 26.80 per cent or ₹16.74 per litre (whichever is higher) and on diesel 17.48 per cent or ₹9.41 per litre (whichever is higher), according to an official order.
The order will come into effect from Monday midnight.
In Lucknow, the petrol will now cost ₹73.65 per litre, while diesel will cost ₹65.34 per litre. Earlier, the petrol was sold at ₹71.30 per litre and diesel at ₹64.36 per litre, official sources said.
A senior government official said with this decision, the state exchequer will get additional ₹3,000 crore annually and the money will be used in developmental projects.