Diesel price hike makes petrol cheaper in Goa.
Petrol has become cheaper than diesel in Goa after the government hiked the diesel prices by Rs 1.02 per litre on Friday. This is the fourth increase in rates this year.
Petrol is currently priced at Rs 52.10 whereas a hike of 90 paise (Rs 1.09 post state government tax) takes diesel price to Rs 52.70.
The cost of petrol in Goa is the lowest in the country after the Manohar Parrikar-led government slashed VAT to 0.1 per cent as part of a promise made in the party’s 2012 election manifesto. At that time, the decision resulted in petrol prices dropping by a mammoth Rs.11.
President of the All Goa Petrol dealers association Paresh Joshi, the dynamics of fuel prices tilting in favour of petrol, consumers may go for petrol cars, instead of diesel vehicles to save money, unlike elsewhere in the country, where the trend is the opposite.
“It won’t make a difference to us because a majority of petrol pumps have both fuels. But consumer trends may change vis-a-vis buying petrol or diesel vehicles,” Joshi said.
Source : Business Today.