Petrol price slashed by ₹5, diesel by ₹3
Mumbai In a major relief to the people, the Maharashtra government on Thursday decided to reduce VAT (Value Added Tax) on fuel prices. It has decided to slash VAT by ₹5 per litre on petrol and ₹3 per litre on diesel. Chief minister Eknath Shinde made the announcement after the state cabinet meeting. He said that the decision will give major relief to the people.
On Thursday, the fuel prices in Mumbai were ₹111.35 per litre for petrol and diesel at ₹97.28 per litre. Following the decision, petrol prices will come down to ₹106.35 per litre and diesel to ₹94.28 per litre.
“After reducing the central excise duty on fuel prices, the prime minister had urged all the states to reduce their taxes on petrol and diesel to provide more relief to people. Though many states had slashed the prices, Maharashtra did not take the decision. Today, we have decided to bring down VAT by ₹5 per litre and ₹3 per litre on petrol and diesel respectively,” Shinde said.
