Petrol costs less than diesel in Goa

Goa has become the first state to sell petrol at cheaper rates than diesel after oil companies recently announced a hike of Rs. 1 per litre for diesel. This was the fourth such hike this year.

Goa has become the first state to sell petrol at cheaper rates than diesel after oil companies recently announced a hike of Rs. 1 per litre for diesel. This was the fourth such hike this year.

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Diesel is now priced at Rs. 52.70 per litre in Goa while petrol costs Rs. 52.10 per litre.

Goa has the lowest price for petrol in the country after the Manohar Parrikar-led government slashed VAT to 0.1% as part of the party's 2012 poll manifesto, which slashed petrol prices by a whopping Rs. 11 per litre.

With fuel prices tilting in favour of petrol, the head of All Goa Petrol Dealers Association Paresh Joshi, thinks, "Consumers may now go for petrol cars instead of diesel vehicles unlike elsewhere where the trend is opposite."