Shillong:The Meghalaya government on Tuesday slashed the prices of petrol by an additional Rs 5.4 paise and diesel by Rs 5.1 paise in the state which will be effective from midnight today.
Earlier, the government cut the fuel prices by Rs. 2 per litre.This decision was taken in a meeting chaired by Chief Minister Conrad Sangma on Tuesday following an ongoing strike by the owners and drivers of commercial vehicles.
CM Conrad Sangma said that that the government has been collecting tax from petrol and diesel which has helped in generating revenue for the state.
“Inspite of state facing financial constraint, the government will reduce the VAT for petrol from 31.62 per cent or Rs 17.60 per litre to 20 per cent or Rs 15 per litre. The VAT on diesel has been reduced from 22.59 percent or Rs 12.50 per litre to 12 per cent or Rs 9 per litre,” Chief Minister Conrad Sangma said.
After the reduction petrol price in the state capital stood at Rs 85.86 per litre and diesel price at Rs 79.13 per litre.(UNI)