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Saturday, April 17, 2021

    Petrol at Rs 18 less /litre? Nagaland govt reduces taxes on petrol & diesel

    The prices of petrol and diesel have been increasing continuously for more than 10 days and in some states, the price of petrol has even crossed Rs 100 in some states

    GUWAHATI: At a time when the entire country has been reeling under an abnormal spike in the prices of petrol & diesel, the Nagaland government cut down taxes on petrol & diesel and other motor spirits.

    After the amendment, the rate of tax on petrol and other motor spirits has been reduced from 29.80% to 25% per litre or from ₹18.26 to ₹16.04 per litre (whichever is higher).

    The tax rate for diesel has been reduced from ₹11.08 to ₹10.51 per litre or 17.50% to 16.50% per litre (whichever is higher).

    “In exercise of powers conferred by sub-section 3A of the Nagaland (Sale of Petroleum and Petroleum Products including Motor Spirit and Lubricants) Taxation Act, 1967 (as amended), the Governor of Nagaland is pleased to notify that the rate of tax under entry serial number 3 & 4 of Schedule II of the Act shall stand amended. This notification shall come into force with effect from midnight of 22nd February 2021,” read a notification issued by Sentiyanger Imchen, the additional chief secretary of the state finance department, on Monday.

    The prices of petrol and diesel have been increasing continuously for more than 10 days and in some states, the price of petrol has even crossed Rs 100 in some states. Opposition parties also held protests in different parts of the country over the rise of prices of diesel and petrol.

    The notification came into force with effect from midnight of February 22, 2021.

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    First published


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