September 16, 2024

The Mizoram government has raised petrol and diesel prices by Rs 4 per litre each, effective September 1. This increase is aimed at funding social infrastructure and road maintenance projects.

Taxation Minister Dr. Vanlalthlana announced that the price hike includes a new Rs 2 per litre levy for social infrastructure and services cess, and an additional Rs 2 per litre for road maintenance. Despite the VAT hike and new cess, current fuel prices are still lower than those in 2021.

Dr. Vanlalthlana expressed confidence that the increase would encourage citizens to support infrastructure development. The new VAT rates are 10% for petrol (up from 5.23%) and 18% for diesel (up from 16.36%). Following the hike, petrol prices in Aizawl are now Rs 99.24 per litre, and diesel is Rs 88.02, compared to the previous Rs 93.93 and Rs 82.62, respectively.

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