SME Times is powered by   
Search News
Just in:   • Jet pilot shoots tough questions at management  • 40 pc transactions with MSMEs on GeM in FY 2018-19  • US dollar falls amid rising British pound  • IndiGo to gain most from Jet Airways collapse  • Airbnb's growth driving down lodging prices: Study 
Last updated: 11 Oct, 2018  

Petrol.9.thmb.jpg Meghalaya cuts diesel, petrol prices by Rs 2.50/litre

Petrol.9.jpg
   Top Stories
» 40 pc transactions with MSMEs on GeM in FY 2018-19
» Consumer confidence up sharply in April: Ipsos report
» Efforts needed to attract more voters: Minister
» Banking sector needs systematic reforms: Naidu
» Technology opening up new vistas for women entrepreneurs: Naidu
SME Times News Bureau | 11 Oct, 2018
The Meghalaya government has reduced the prices of diesel and petrol by Rs 2.50 per litre, Deputy Chief Minister Prestone Tynsong announced on Tuesday.

"The cabinet has approved the proposal of the taxation department to bring down the fuel prices in the state, in line with the Central government's decision, from October 10 midnight," Tynsong told journalists.

On October 4, the Centre cut petrol and diesel prices by Rs 2.50 per litre by effecting an excise duty cut of Rs 1.50 per litre and asked the oil marketing companies to absorb another Re 1 a litre.

However, with the state facing a financial-crunch, the slashing of rates is set to put an extra burden on the state exchequer dearly.

"By reducing the price of petrol and diesel by Rs 2.50 per litre, the state government will incur an extra expenditure of Rs 15 crore yearly," the Deputy Chief Minister said.

To offset the additional load, Tynsong said, the government has directed its revenue-generating departments to find out ways and means to generate additional resources.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 22 Apr, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Calicut University Collaborates with ACCA(1)
» Economic concerns amid poll heat(1)
» Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration(1)
» Appoint distributors, expand your business(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter