Panaji: The prices of Petrol and Diesel will be hiked in Goa from Friday mid-night after state government increased value added tax on both the commodities.
State Under Secretary (Finance) Sushma Kamat has issued a notification on Friday increasing the VAT on petrol and diesel in the State.
The VAT on petrol which was 15 per cent has been increased to 20 per cent while on Diesel it will go up from 15 per cent to 18 per cent.
“The notification will come into force from June 15, 2019,” she said.
President of All Goa Petrol Dealers’ Association, Paresh Joshi, said that with the current rise, the price of petrol will increase by approximately Rs 2.70 per litre and Diesel by Rs 1.43 per litre.
As on Friday, the petrol was costing Rs 63.74 per litre in Goa while Diesel was charged at Rs 63.04 per litre, he said.
Joshi said that the Petrol and Diesel prices vary every day and tax would be charged on the price of the commodity for that particular day.