Petrol to Cost Rs 97.17 Per Litre, Diesel Rs 89.74 in Goa After Central Excise Duty Cut
Get latest articles and stories on India at LatestLY. With the reduction of excise duty on fuel by the Centre, petrol will now cost Rs 97.17 per litre in Goa, while diesel will cost Rs 89.74 per litre, an industry stakeholder said on Sunday.
Panaji, May 22: With the reduction of excise duty on fuel by the Centre, petrol will now cost Rs 97.17 per litre in Goa, while diesel will cost Rs 89.74 per litre, an industry stakeholder said on Sunday.
A source in the Goa government said the Pramod Sawant-led dispensation will not further reduce the Value Added Tax (VAT) on petrol and diesel as it “might hurt the economy".
Goa levies 26 per cent VAT on petrol and 22 per cent on diesel. The Centre on Saturday announced a record Rs 8 per litre cut in excise duty on petrol and Rs 6 reduction on diesel. Fuel Prices in India on May 22, 2022: Petrol Price Cut by Rs 8.69, Diesel by Rs 7.05; Check Rates in Delhi, Mumbai and Other Metro Cities.
A senior official from the All Goa Petrol Pump Dealers' Association said following the central government's move, the petrol will now cost Rs 97.17 per litre in the coastal state and the diesel will be available at Rs 89.74 per litre.
Goa has a network of 130 dealers of petrol/diesel. The petrol and diesel prices were slashed last time in November 2021, on the eve of the Diwali festival.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)