There was another price hike in the petrol and diesel yesterday but Goa still managed to maintain the lowest prices of the petroleum products in the country. According to the sources, a little relief to the people of the Goa as state government on Tuesday reduced the value added tax (VAT) on petrol by two per cent. On the other hand, the petrol price has been increased by the oil companies last night. As Goans will be waiting to know about the differences in the prices, here is the report.
[su_expand more_text=”READ MORE” less_text=” ” height=”0″ hide_less=”yes” link_style=”button” link_align=”center”] As reported by the Times of India, the government has given the election promise that the petrol price will be tried to maintain below Rs 60 per liter. The reduction of VAT will be starting from today midnight.
The petrol prices were increased by the oil companies last night by 90paise. Calculating as per the hike, the price, which was at 58.85 per liter, went up to Rs 60.70 per liter.
“To keep the government assurance to keep the petrol price below Rs 60, we have reduced VAT by two percent,” said Commissioner of Commercial Taxes Dipak Bandekar while speaking to TOI.
He also stated, “We came to know today (Tuesday) morning the increase in petrol price and we immediately took a decision to reduce VAT from 22 per cent to 20 per cent.”
Even though BJP had promised to lower fuel prices in their 2012 manifesto, Chief Minister Laxmikant Parsekar, in his recent budget speech hiked the VAT on petrol.
When Parsekar announced to increase the VAT to 22%, Petrol prices were hovering around 51.10 in the state.
Parsekar increased the VAT on motor spirit from 15 percent to 22 percent which was reduced to 0.5 percent by defense minister Manohar Parrikar in 2012.
At the time of increasing the price of petrol, Chief Minister also promised to maintain it below Rs 60 per liter.