Saturday 02 November 2024

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Infrastructure | Transport

Petrol sale up by 50%, but at meager revenue

 

The sale of petrol in Goa has increased by 50 per cent, but giving additional income of only Rs 27,000 per day.

Slashing of petrol prices in Goa has resulted in massive boost in sales at fuel outlets in the state, officials have said.

Various petrol pumps have registered almost two-fold increase in sales in the last two days.

The State's new BJP-led Government has reduced VAT (value-added tax) on petrol from 20% to mere 0.1%.

The decision, announced in the budget presented last month by Chief Minister Manohar Parrikar, has come into effect from yesterday.

The reduction has resulted in heavy rush at fuel stations in the tourist state.

Government officials said Goa recorded an average daily sale of petrol worth Rs 2.3 crore before the new rate came into effect. Now the sales have touched Rs 3.5 crore-mark a day.

Commercial Taxes Department officials said annual compounded growth of 25% had been earlier projected from VAT collection from petrol.

"After the recent announcement, VAT of Rs 1 crore, as against earlier projection of Rs 210 crore, will be collected," a senior official said.

The state earlier collected Rs 47 lakh per day in form of VAT on petrol, which will now be reduced to Rs 27,000 per day, he said.

Parrikar had earlier said the amount collected from VAT on petrol would be used to strengthen monitoring on the state's borders so that the commodity is not smuggled outside Goa.


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Enjoy guys ......... no idea when the Delhi crooks will explode the price hike bomb ........... so just freak out and enjoy .......... I'm coming next week to GOA to join you ............ Let me have the glimpse of it .........

I don't know in Bombay , if I can see such beautiful days ............. Here in Maharashtra all the politicians are corrupt ......... So to get a person Like Manohar Parrikar in Maharashtra is a mere possibility ...........

God bless you Manohar baab .........

 
Mahesh Thali , Thane , Bombay

Infrastructure