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Fuel hike makes petrol cheaper than diesel in Goa
Saturday May 11, 2013 02:15:05 PM,
IANS
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Related Article |
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Diesel price to go up by 90 paise per litre
“Indian Oil Corporation Ltd. has decided to increase the Retail
Selling Price of Diesel w.e.f midnight of 10th/11th May '13 by
Rs.0.90/litre (excluding VAT) covering the increase for the months
of April and May 2013,” the company said in a statement. l »
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Panaji: After the
Friday hike in fuel prices by the central government, petrol is
now cheaper than diesel in this western Indian state, known for
cheap liqour.
While petrol is currently priced at Rs.52.10, the hike of 90 paise
(Rs 1.09 post state government tax) takes diesel price to
Rs.52.70.
The cost of petrol in Goa is the lowest in the country after the
Manohar Parrikar-led government slashed VAT to 0.1 percent as part
of a promise made in the party's 2012 election manifesto. At that
time, the decision resulted in petrol prices dropping by a mammoth
Rs.11.
President of the All Goa Petrol dealers association Paresh Joshi,
the dynamics of fuel prices tilting in favour of petrol, consumers
may go for petrol cars, instead of diesel vehicles to save money,
unlike elsewhere in the country, where the trend is the opposite.
"It won't make a difference to us because a majority of petrol
pumps have both fuels. But consumer trends may change vis-a-vis
buying petrol or diesel vehicles," Joshi said.
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