Maharashtra cuts petrol rate by Rs5 and diesel by Rs3 per litre
In a relief, the Maharashtra government has slashed VAT on petrol and diesel by Rs 5 per litre and Rs 3 per litre respectively, Chief Minister Eknath Shnde announced here on Thursday.
This would entail a burden of Rs 6,000 crore on the state exchequer but will lead to reducing the inflation, Shinde said, after a cabinet meeting.
Deputy Chief Minister Devendra Fadnavis said the move to cut petrol-diesel rates was in tune with the new government's commitment to public welfare and would directly benefit the masses.
Shinde added that after the reduction in the petrol-diesel prices by the Centre a few months ago, some state governments had extended similar reliefs, and now it has been given even in Maharashtra.
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