Saturday, Sep 19, 2020 | Last Update : 12:22 PM IST

179th Day Of Lockdown

Maharashtra114584081235431351 Andhra Pradesh6095585198915244 Tamil Nadu5309084757178685 Karnataka5029823940257808 Uttar Pradesh3362942632884771 Delhi2347011981034877 West Bengal2155801870614183 Odisha167161133466722 Telangana1670461353571016 Bihar164224149722855 Assam150349121610528 Kerala12221687341490 Gujarat119088999083271 Rajasthan109088906851293 Haryana103773816901069 Madhya Pradesh97906743981877 Punjab90032658182646 Chhatisgarh7777541111628 Jharkhand6710052807590 Jammu and Kashmir5971138521951 Uttarakhand3713924810460 Goa2678320844327 Puducherry2142816253431 Tripura2069612956222 Himachal Pradesh11190691997 Chandigarh92566062106 Manipur8430653951 Arunachal Pradesh6851496713 Nagaland5306407910 Meghalaya4356234232 Sikkim2119178923 Mizoram15069490
  Business   Companies  10 Oct 2017  Maharashtra cuts petrol price by Rs 2 and diesel by Rs 1 per litre

Maharashtra cuts petrol price by Rs 2 and diesel by Rs 1 per litre

THE ASIAN AGE.
Published : Oct 10, 2017, 3:14 pm IST
Updated : Oct 10, 2017, 3:14 pm IST

State follows in footsteps of Gujarat that cut VAT by 4 per cent on petrol and diesel on Tuesday.

Maharashtra and Gujarat both have announced a cut in VAT on petrol and diesel on tuesday. (Photo: File)
 Maharashtra and Gujarat both have announced a cut in VAT on petrol and diesel on tuesday. (Photo: File)

Mumbai: Maharashtra government on Tuesday cut petrol and diesel prices by up to Rs 3 per litre. The state that levies highest rate of value added tax, VAT, on petrol and diesel has taken a cue from neighbouring Gujarat that on Tuesday announced a 4 per cent reduction in VAT on these two essential fuels.

The VAT rate on petrol and diesel is highest in Maharashtra with the state levying 46.52 per cent VAT which is 47.64 per cent in Mumbai.

 

The state decided to lower the fuel rates effective midnight on Tuesday, news agency Asian News International reported. Earlier in the day Gujarat chief minister Vijay Rupani told the mediaperson the cut in VAT on petrol and diesel was in line with the central government's instructions to all state governments.

The central government had last week announced a cut in basic excise duty on petrol and diesel by 2 per cent making these two essential fuels cheaper by Rs 2 across the country.

"After the central government's instructions, Gujarat has decided to reduce VAT on petrol and diesel by 4 per cent from today midnight," Rupani told the media early in the day.

 

Last week, Finance Minister Arun Jaitley in a series of tweets had said cut in basic excise duty was brought in with an aim to give relief to the common man and that the move was pro-people and pro-common man. It also wanted to leave people with more money in their hands. "Now it is up to state governments if they are concerned with the issue (to cut sales tax or VAT)," Jaitley had said.

Tags: petrol prices, diesel prices, maharashtra gujarat cut vat, value added tax, vat on petrol vat on diesel, fuel vat, vat on fuels
Location: India, Maharashtra, Mumbai (Bombay)