The Mizoram authorities will hike diesel and petrol costs by 2.5 per cent and 5 per cent, respectively, from June 1 to battle the financial slowdown
attributable to the outbreak of novel coronavirus, Taxation Minister Lalchamliana stated on Saturday. Lalchamliana stated the assembly of council of ministers
chaired by Chief Minister Zoramthanga additionally determined to extend the worth added tax (VAT) of diesel from 12 per cent to 14.5 and that of petrol from 20 per cent to 25 per cent.
“Diesel value would improve from Rs 60.49 to Rs 62 per litre and petrol from Rs 66.54 to Rs 69.87, which is able to come into impact from June 1,” he stated.
The minister stated the state Items and Companies Tax assortment has significantly diminished from Rs 48 crore in March to Rs 14 crore in April within the wake of the pandemic.
“Mizoram will face an enormous monetary disaster except drastic financial measures are taken,” he added.