The new rates shall come into force with effect from midnight of November 11. (Morung File Photo)
Kohima, November 11 (MExN): Petrol, diesel and other motor spirit in Nagaland are set to get costlier from midnight of November 11 following the hike in tax rates announced by the State Government on Wednesday.
The tax rate on diesel has been enhanced from 14.5% to “17.50% or Rs. 11.08 per litre, whichever is higher,” stated a notification from the Additional Chief Secretary and Finance Commissioner, Sentiyanger Imchen on Wednesday.
Likewise, the tax rate on petrol and other motor spirit have been enhanced from 25% to “29.80% or Rs 18.26 per litre, whichever is higher,” it said.
The new rates shall come into force with effect from midnight of November 11.
The notification is issued in the exercise of “power conferred by sub section 3 of Section 3A of the Nagaland (Sale of Petroleum and Petroleum Products including Motor Spirit and Lubricants) Taxation Act, 1967 (as amended),” it added.
A rough calculation based on the existing price of fuel prices in Dimapur as per IndianOil ONE App on November 11 informed that the hike would be over Rs 2 per litre for diesel and over Rs 3 for petrol and other motor spirit.
