Daijiworld Media Network - Panaji (SR)

Panaji, Jun 15: With state government increasing the value-added tax (VAT) on petrol and diesel by 5% and 3%, the price of petrol will go up by Rs 2.77 and diesel by Rs 1.65 per litre in Goa. As per the commercial tax department, the new prices came into effect from midnight.

Until Friday, petrol was being sold at Rs 63.90 per litre and diesel was trading at Rs 63.42 per litre. With the present hike, cost of petrol in Goa will be Rs 66.67 per litre while that of diesel will be Rs 65.07 per litre.

President of All Goa Petrol Dealers Association Paresh Joshi said, “Price of petrol and diesel will increase by Rs 2.70 and Rs 1.43 per litre respectively from June 15.”

“VAT on petrol has been increased from 15% to 20% on petrol and from 15% to 18% on diesel,” commercial tax commissioner Deepak Bandekar said as per Times of India report.

Amid the ongoing tensions in the Middle East and reduction of supply by OPEC, crude oil prices have gone up by over 1 percent in the international oil market. From its last closing, Brent crude futures were trading at USD 68.50 per barrel, up 74 cents, or 1.1 per cent.