Will diesel, petrol prices jump now that Nagaland has levied a Covid tax?
Nagaland has become the first state in India to levy a Covid cess on diesel and petrolm making the fuel dearer. The state has imposed a Covid cess of Rs 5 on diesel and Rs 6 on petrol in the wake of coronavirus lockdown which has caused revenue loss to the state exchequer
Steps have been taken because of the revenue losses of the state in the event of a lockdown because of Coronavirus pandemic