OIL & GAS

Meghalaya govt slashes petrol, diesel prices by Rs 7

Meghalaya Chief Minister Conrad Sangma has informed that the prices of petrol and diesel will be reduced by Rs 7 approximately in the state.

“Both prices of petrol and diesel will be reduced by approximately by Rs 7. It is being done primarily to ensure that the consumers are not affected by the high prices in order to give some relief to them,” said the Chief Minister while speaking to media persons.

Pointing out that prices of petrol and diesel reached 91.26 Rs per litre and 84.23 Rs per litre in the state, the Chief Minister said, “Keeping this aspect in mind and the fact that consumers are being affected and despite the fact that the state is facing financial issues and the VAT that we have collected from petrol and diesel has helped the state in difficult times of COVID-19, the government has decided that we will be reducing the VAT for petrol and diesel”.

The government will reduce the VAT for petrol from 31.62 per cent or Rs 17.60 per litre to 20 per cent or Rs 15 per litre. “The VAT on diesel has been reduced from 22.59percent or Rs 12.50 per litre to 12 per cent or Rs 9 per litre,” the Chief Minister said.

Source
ET Energy World
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