Petrol, diesel get cheaper in Maharashtra as government cuts VAT; Check new rates

The Maharashtra government on Thursday slashed value added tax (VAT) on petrol and diesel.

The decision will make petrol cheaper by Rs 5 per litre and diesel by Rs 3 per litre in the state. Pic: Reuters

Petrol, diesel price Maharashtra: The Maharashtra government on Thursday slashed value added tax (VAT) on petrol and diesel. The decision will make petrol cheaper by Rs 5 per litre and diesel by Rs 3 per litre in the state.

Chief Minister Eknath Shinde said the cut in VAT will cost the state Rs 6,000 crore a year. He exuded confidence that the decision will provide relief people of the state who are already facing the brunt of inflation.

Deputy Chief Minister Devendra Fadnavis said that the decision would provide 'great relief to Maharashtrian & Marathi Manus'. "Happy to announce that new Government under CM Eknathrao Shinde has decided to reduce Petrol & Diesel prices by Rs 5/litre & Rs 3/litre respectively," he tweeted.''