Despite Hike, Goa Brings Petrol Price Below Rs. 60

Panaji: The Goa government on Wednesday slashed Value Added Tax (VAT) on petrol by five per cent to bring the fuel's price to below Rs 60 per litre despite the recent hike by the central government late on Tuesday to the tune of Rs 2.58 per litre. This is the second time that the BJP-led coalition government has had to slash Value Added Tax in a fortnight the first being on May 17, after the Indian Oil Corporation raised prices of f...