SHILLONG: The reduction in the value-added tax (VAT) on prices of petrol and diesel in Meghalaya has been welcomed by various entities, including NGOs, even as the state government will undergo a revenue loss of Rs 100 crore in the next five months.
The Hynniewtrep Integrated Territorial Organization (HITO), an NGO, expressed its "sincere thanks for the speedy initiative and intervention of the NDA government under the leadership of BJP and the government as well under the MDA umbrella" for the VAT cut on fuel prices.
On Friday, chief minister Conrad K Sangma had announced, "The cabinet has decided to provide relief on the fuel prices in the state by reducing the VAT on petrol from 20% to 13.5% and diesel from 12% to 5% per litre, providing relief of Rs 10 to our consumers." tnn
