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Manipur government decides to reduce oil prices

The rise in the International Oil price in recent weeks had put a burden on the public due to the rise in the price of petrol and diesel.

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Imphal: Manipur government has decided to reduce VAT on petrol and diesel by Rs 7 per litre from today.

The price of Petrol on November 3 was Rs. 111.35 per litre (approx.) which will now be reduced to Rs. 99.38 per litre (approx.) from Thursday. The price of Diesel on November 3 was Rs. 99.39 per litre (approx.) which will now be reduced to Rs. 82.51 per litre (approx.) from November 4.

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The rise in the International Oil price in recent weeks had put a burden on the public due to the rise in the price of petrol and diesel.

Understanding the difficulties faced by the public and with an intention to prevent inflation and also maintain economic growth the Central Government had reduced the Central Excise Duty on Petrol by Rs. 5 per litre and on Diesel by Rs. 10 per litre, w.e.f. from today.

In close cooperation and coordination with the Central Government, the State Government had also reduced its Value Added Tax (VAT) by Rs. 7 per litre for both Petrol and Diesel said a statement issued by the Finance department. Therefore, the effective reduction in the price of Petrol will be Rs. 12 per litre and of diesel by Rs. 17 per litre.

A statement issued by the Finance Department today said, “This step of the State Government shows it citizen-centric policy and shows that it listens to the public and takes all necessary action to reduce their burden. This action of the Government will prevent inflation and also maintain the growth of the economy.”

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