Petrol, diesel price relief | Mumbai news

The prices of petrol and diesel per litre have reduced by 5.04 and 3.01 in the city. On Thursday Petrol was available at 111.35 while diesel at 97.28.

One litre of petrol was available at 106.31 while a litre of diesel was priced at 94.27 a litre, on Friday, the day after the Maharashtra government reduced Value Added Tax (VAT) on petrol and diesel.

The prices of petrol and diesel per litre have reduced by 5.04 and 3.01 in the city. On Thursday Petrol was available at 111.35 while diesel at 97.28.

In Thane a litre of petrol was available at 106.45 while diesel was priced at 94.41 a litre.

Maharashtra chief minister Eknath Shinde on Thursday announced that the state government had decided to cut VAT on petrol prices by 5 per litre and diesel by 3 per litre. Shinde had informed media after a cabinet meeting at Mantralaya that the decision would entail a burden of 6,000 crore on the state exchequer.

“It has been our consistent demand to bring petrol and diesel prices in the State of Maharashtra at par with neighbouring states as it will generate good revenue for the exchequer on account of increase in purchase from within the State. Reduction in prices of petrol and diesel is a right move by the new government in the direction to bring parity in prices with neighbouring states and to provide relief to people from spiralling inflation,” said Bal Malkit Singh, chairman, All India Motor Transport Congress (AIMTC).


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