SHILLONG, June 14 � Bringing a sigh of relieve to the people of the State, the Meghalaya government has decided to exempt VAT (value added tax) on petrol.
The decision, which would come into effect from Friday, was taken at a Cabinet meeting which was chaired by Chief Minister Mukul Sangma.
�We have taken one day to ensure that there is no manipulation of stock and have accordingly instructed all the Deputy Commissioners of the districts to check the stock,� Chief Minister Dr Mukul Sangma said.
The Chief Minister explained that the intention of his government is �to extend relief to the consumers�.
After the reduction of VAT on petrol, it would mean petrol would be cheaper by Rs 1.10 per litre at the retail end in the State.
The price of petrol at present in Meghalaya is Rs 72.37 and after the reduction in VAT it would cost Rs 71.27.