Guwahati, Feb 16 : Meghalaya Chief Minister Conrad Sangma today informed that the prices of petrol and diesel in the state has been reduced by about Rs 7 approximately across the state.
The Chief Minister said the rate of VAT for petrol which currently is at 31.62 per cent or 17.60 per litre, would now be reduced to 20 per cent or Rs 15 per litre whichever is higher which would mean that the price of petrol in Meghalaya will be reduced from 91.26 Rs to 85.86 Rs- a reduction of approximately Rs 6 and if one was to add the earlier reduction of Rs 2 it would come to total reduction of Rs 7.4 per litre in shillong and in other district the impact would be accordingly felt.
On the price of diesel, the Chief Minister said, “In diesel, VAT rate currently 22.95 per cent or Rs 12 per litre, will now be reduced to 12 per cent or Rs 9 per litre. That means diesel prices will come down from Rs 84.23 in Shillong to Rs 79.13, a reduction of approximately Rs 5 and if the earlier reduction of Rs 2 included the total VAT reduction of diesel would come to approximately Rs 7.
Stating that the State Government has always maintained the competitive pricing with Guwahati in order to ensure that the sales are not affected, the Chief Minister said, “We are hopeful that with this our sales are will go up and we will be able to make up for some of the loses in the taxes due to the reduction of prices in both petrol and diesel.