The decision to reduce Value Added Tax on diesel and petrol was announced by CM Eknath Shinde.
Mumbai: The Maharashtra Government has reduced the prices of Petrol and Diesel by Rs. 5 and Rs.3 respectively, stated the Maharashtra CM Eknath Shinde on Thursday. This decision was taken at the second cabinet meeting of the newly formed government. Reacting to the move, deputy CM Devendra Fadnavis said that the decision was part of the Shiv Sena-BJP governmentâs commitment to peopleâs welfare.
âMaharashtra government will reduce value-added tax (VAT) on petrol and diesel by Rs 5 and Rs 3 per litre respectively,â CM Shinde said.
Mumbai North East MP Manoj Kotak thanked the state government for its âswift action”. Mumbai currently has one of the highest petrol prices in the country.
Speaking at a press conference after the meeting, Shinde said, âThe central government had reduced VAT on November 4 and May 22 and PM Narendra Modi had also urged states to do so. However, the previous Mahavikas Aghadi government did not pay any heed to the request made by the Centre. We studied the financial situation and decided to reduce the VAT on petrol and diesel.
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