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Despite global crude oil prices hitting rock bottom, Assam hikes oil prices steeply

The notification by Principal Secretary Samir Kumar Sinha on Tuesday evening said the tax rates had been increased under a relevant section of the Assam Value Added Tax Act

By Newsd
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Despite global crude oil prices hitting rock bottom, Assam hikes oil prices steeply

Despite the global fall, a litre of fuel went up by almost ₹6 in Assam from Wednesday. The State’s Finance (Taxation) Department issued a notification modifying the rates of tax on diesel and petrol.

The notification by Principal Secretary Samir Kumar Sinha on Tuesday evening said the tax rates had been increased under a relevant section of the Assam Value Added Tax Act, 2003.

Accordingly, the VAT on diesel was modified to “23.66 paise in the rupee or ₹17.45 per litre, whichever is higher” and that of petrol and other motor spirits to “32.66 paise in the rupee or ₹22.63 per litre, whichever is higher”.

This worked out to an increase in retail prices of diesel and petrol by almost ₹6 per litre, officials of the department said. From the midnight of April 21, the price of diesel increased from ₹65.07 to ₹70.50 and of petrol from ₹71.61 to ₹77.46 per litre.

The fuel price hike followed Finance Minister Himanta Biswa Sarma’s fear that Assam might not be able to meet expenditure in June, including paying salaries to about 5 lakh State government employees if there was no infusion of funds.

Fuel prices in Assam have usually been higher than most of the adjoining hill States in the northeast. The price hike from Wednesday is likely to widen the gap.

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