Petrol, diesel prices to reduce from today
Source: Chronicle News Service
Imphal, September 03 2021:
With the issuance of gazette notification on Thursday for reducing the Value Added Tax (VAT) on two petroleum products, prices of petrol and diesel in the state will be reduced with effect from 12.1 pm on Friday (September 4) .
As per the notification issued by expenditure section of the finance department, 22.5 percent VAT levied earlier on diesel will now be reduced to 18 percent while 36.5 percent VAT levied on petrol (Motor Spirit - MS) will be reduced to 32 percent now.
VAT charge on the remain ing petroleum products like aviation turbine fuel, spirit and gasoline will remain unchanged.
As per the new VAT charge, one litre of petrol which cost Rs 106.22 earlier will be now Rs 102.52 and diesel will be Rs 89.60 per litre against Rs 93.25 earlier.