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Mar 25, 2017
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Petrol set to cost more in Goa as Budget hikes VAT by 15%
Petrol prices in Goa are set to soar as Chief Minister Manohar Parrikar today announced a 15 per cent hike in value-added tax (VAT) on the fuel.The Goa government had kept petrol prices below Rs.60 per litre during the last five years by reducing the VAT on it.“My government, since the last five years, has been able to maintain the promise given to the people of the state in 2012, and has ensured that the prices of Motor Spirit (petrol) did not cross the threshold level of Rs.60 per litre,” Parrikar said presenting the State Budget today.“The prices of petrol in Goa are significantly lower compared to the neighbouring states of Karnataka and Maharashtra, where this fuel is sold at Rs.72 and Rs.76 respectively,” he said.Entry tax abolition “It is time to review this measure, in view of the enhanced spending and provisions made for various existing and new initiatives in the Budget.
Source -
http://www.thehindubusinessline.com
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