Panaji: After the Friday’s hike in fuel prices introduced by the Central Government, petrol has become cheaper than diesel in the Western Indian state of Goa. While petrol is currently priced at Rs 52.10 per litre, the hike of 90 paise (Rs 1.09 post state government tax) takes the price of diesel to Rs 52.70 per litre.

The cost of petrol in Goa is lowest in the country after Manohar Parrikar led government slashed VAT to 0.1 percent as a 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 All Goa Petrol dealers association Paresh Joshi said with 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 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.


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