SHILLONG: The Meghalaya government has decided to slash the rates of petrol and diesel by reducing VAT on them. The decision has been taken amid an ongoing strike by commercial transporters that entered the second day Tuesday.
The new retail price of petrol will be Rs 85.86 from its current price of Rs 91.26, while the new retail price of diesel will be Rs 79.13 from its present rate of Rs 86.23 in the state capital, the state's chief minister Conrad Sangma said, adding that there will be "slight variations" in the price across the districts.
"In addition to the previous rebate of Rs. 2 per litre, Government has decided to reduce the petrol price further by Rs.5.4 per litre and diesel by Rs. 5.1 per litre to offer relief to consumers of Meghalaya with slight variations in other Districts. The new retail sale price will be effective from midnight of 16th February, 2021," Meghalaya chief minister Conrad K Sangma wrote in a tweet.
The state government had announced a Rs 2 rebate on both the items last week.
The Meghalaya government has reduced the VAT from 31.62 per cent on petrol to 20 per cent per litre or Rs 15 per litre (whichever is higher). For diesel VAT came down from 22.95 per cent to 12 per cent or Rs 9 per litre.
This move is seen as a means to pacify the agitating commercial transporters who had remained off the road in the past two days and also threatened to go on indefinite hunger strike if the government fails to act.
Meanwhile, the state government has also assured payment of electricity dues to Power Grid Corporation of India Ltd worth over Rs 74 crore following which the power company has assured to withdraw power regulations to the state
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