Maharashtra / After central govt now the Uddhav Thackeray govt has cut VAT on petrol diesel

Maharashtra | After the reduction in excise duty on petrol and diesel by the central government on Saturday, the Maharashtra government has also given double relief to the people of the state on Sunday. A day after the Centre's decision, the Uddhav government of Maharashtra on Sunday cut the value-added tax (VAT) on petrol by Rs 2.08 per liter and the duty on diesel by Rs 1.44 per liter. Earlier, the governments of Rajasthan and Kerala have also decided to cut VAT.

In an official statement issued by the state government, information was given about reducing VAT on petrol and diesel. According to this, the decision will result in an annual loss of Rs 2,500 crore to the state exchequer. After the reduction of VAT, the monthly revenue from the sale of petrol will fall by up to Rs 80 crore, while the revenue from the sale of diesel is expected to decrease by Rs 125 crore.

The Central Government on Saturday reduced the excise duty on petrol by Rs 8 and on diesel by Rs 6. After the Centre's decision, the price of petrol was reduced by Rs 9.5 per liter and that of diesel by Rs 7. In such a situation, if VAT is being cut by the states, then it is nothing less than a double relief for the general public. Along with this, the central government had also requested to cut the VAT at the local level to give more relief to the consumers.