Fuel Price Hike in Goa: Petrol to Cost ₹96.40, Diesel ₹88.26 Per Litre from Saturday

Updated: Sunday, June 23, 2024, 9:11 [IST]

In the wake of Karnataka's fuel price hike, the Goa government has followed suit by announcing an increase in petrol and diesel prices. The cost of petrol has been raised by Rs 1 per litre, while diesel prices have risen by 36 paise per litre, due to a revision in the Value Added Tax (VAT) rate. The new rates will come into effect from Saturday, June 22, impacting consumers in the state.

Fuel Price Hike in Goa Petrol and Diesel Prices Increase

The announcement regarding the VAT increase on petrol and diesel was made by the Under Secretary (Finance) of the Goa government, Pranab G Bhatt, who issued the notification on Friday. The current price of petrol in Goa is Rs 95.40 per liter. While diesel is Rs 87.90 per liter. With this increase, petrol in Goa will now cost ₹96.40 per litre, up from ₹95.40, and diesel will cost ₹88.26 per litre, up from ₹87.90.

Recent Fuel Price Increases in Karnataka

Recently, the Karnataka government also decided to increase fuel prices. The Congress-led Siddaramaiah government hiked the price of petrol by ₹3 per litre and diesel by ₹3.05 per litre following an amendment in cell tax.

Fuel Price Trends Across India

In India, fuel prices are influenced by various factors, including freight charges, VAT, and local taxes, leading to different rates across states. Fuel prices have remained stable since May 2022 after the central government and several states cut fuel taxes.