Meghalaya cuts VAT on fuel by Rs 5.20 per litre; joins UP, Bihar, Odisha

Meghalaya government has announced a cut in value-added tax (VAT) charged on petrol and diesel by Rs 5.20 per litre each. 

New Delhi: Meghalaya Democratic Alliance-led government, on Friday (November 5), announced a cut in value-added tax (VAT) charged on petrol and diesel by Rs 5.20 per litre each. The decision was taken two days after the Central government announced a reduction in excise duty on petrol and diesel by Rs 5 and Rs 10, respectively. 

The step was taken in a state government's Cabinet meeting, post which Deputy Chief Minister Prestone Tynsong said the state government had already slashed VAT on petrol from 31.62 per cent or Rs 17.60 per litre to 20 per cent, and from 22.59 per cent or Rs 12.50 per litre to 12 per cent on diesel in February 2021. 

“With today's decision, we have further reduced the tax percentage on petrol from 20 per cent to 13.5 per cent per litre and from 12 per cent to 5 per cent per litre for diesel. The amount, if converted to cash, comes to Rs 5.20 per litre for both petrol and diesel. After reduction of VAT on the prices of both the fuels, Meghalaya will have the lowest price of petrol and diesel in the country,” the deputy chief minister claimed.