News > Maharashtra Govt cuts VAT on petrol, diesel by ₹5 and ₹3 per litre respectively: CM Eknath Shinde

Maharashtra Govt cuts VAT on petrol, diesel by ₹5 and ₹3 per litre respectively: CM Eknath Shinde

The Hindu | 14/07/2022 07:27 PM | Click to read full article

Maharashtra Government, on Thursday, slashed value added tax (VAT) on petrol by ₹5 per litre and on diesel by ₹3 per litre, Chief Minister Eknath Shinde said.

The relief is expected to put a burden of ₹6000 crore annually on the State exchequer, the CM told reporters after a State Cabinet meeting at Mantralaya in Mumbai. “After the Centre had reduced fuel prices in May, it had urged States to follow suit, but the then (Maha Vikas Aghadi) government in Maharashtra did not do so.