Nagaland govt reduces taxes on petrol, diesel

Kohima: Amid spiking rates of fuel across the country, the Nagaland government cut down taxes on petrol, diesel and other motor spirits.

"In exercise of powers conferred by sub-section 3A of the Nagaland (Sale of Petroleum and Petroleum Products including Motor Spirit and Lubricants) Taxation Act, 1967 (as amended), the Governor of Nagaland is pleased to notify that the rate of tax under entry serial number 3 & 4 of Schedule II of the Act shall stand amended. This notification shall come into force with effect from midnight of 22nd February 2021," read a notification issued by Sentiyanger Imchen, the additional chief secretary of the state finance department.

The rate of tax on petrol and other motor spirits has been reduced from 29.80% to 25% per litre or from Rs 18.26 to Rs 16.04 per litre.

The tax rate for diesel has been reduced from Rs 11.08 to Rs 10.51 per litre or 17.50% to 16.50% per litre.

In effect, the petrol price has been reduced by Rs 2.22 per litre and diesel by 57 paise per litre.

Earlier in the day, West Bengal, Rajasthan, Assam, and Meghalaya also announced relaxation in fuel prices.

 

Asianet.in/NewsDesk: Asianet Online