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Petrol prices may rise in Goa post budget

According to the Goa Chief Minister, people will not feel the pinch if Value Added Tax (VAT) is hiked as petrol prices are already down.

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Goa Chief Minister Laxmikant Parsekar on Tuesday hinted at increasing Value Added Tax (VAT) on petrol in the upcoming budget session of the State Legislative Assembly.

"...I cannot say anything about it before the budget is tabled. But I feel people of Goa will readily accept additional VAT on petrol prices," Parsekar told PTI in an interview on the occasion of completion of BJP government's four years in office this Wednesday.

The budget will be tabled in the assembly on March 16.

"People will not feel the pinch if VAT is hiked as petrol prices are already down," he said.

The BJP government was sworn in on March 9, 2012, after the party got a majority in the Assembly polls and was led by former Chief Minister Manohar Parrikar.

Parsekar took over charge of the office in November 2014 after Parrikar was elevated to the Union cabinet.

Fulfilling electoral promise, Parrikar had abolished VAT on petrol, resulting in a roll down in price by Rs 11 per litre.

"VAT on petrol was abolished during 2012 when the prices had reached Rs 73 to 74 per litre. After completely nullifying the VAT we realised petrol became cheaper than diesel, which was not healthy for the economy. We then gradually in phases imposed VAT which is currently 15%," Parsekar said.

He said when VAT was imposed no one objected to it and that people are wise enough to realise that the government is spending the money on social welfare and developmental schemes.  

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