The Punjab Vidhan Sabha on Tuesday passed the Punjab Urban Transport Fund Bill under which the Local Bodies Department would impose a cess on petrol and diesel at the rate of 10 paise per litre in urban areas.
The department would also impose an additional 10 per cent cess on the final price of an auctioned vehicle registration number.In case of retaining of old VIP numbers and single digit numbers registration numbers, a fee ranging between Rs 2000 and Rs 25000 would be levied.
It was also announced that funds worth Rs 25 crore would be used to fund urban transport system in local bodies.
The bill came into force with immediate effect.