Maharashtra reduces VAT on petrol and diesel

Maharashtra has also cut down petrol and diesel prices today by Rs 2 and Rs 1 respectively. In the wake of Gujarat move on the reduction of VAT on fuel its state now Maharashtra became the second state to slash VAT on its fuel prices. And the new rates that will come into effect from tomorrow are Rs 75.58 per litre on petrol and diesel will cost Rs 59.55. As per the reports, Maharashtra is the state that charges around 25% VAT on petrol in Navi Mumbai, Mumbai and Thane while other regions of the state charge 26% VAT. Whereas on diesel Marashtra levied 22 percent VAT overall state excluding Mumbai, Navi Mumbai and Thane as these regions charges 21 percent VAT on diesel.

However, the centre has recently brought down excise duty on petrol and diesel by Rs 2 litre. And now Maharashtra reduced Rs 2 on petrol price and Rs 1 diesel price. The states Maharashtra and Gujarat are in relief during the festive season as just a week before Diwali both the states came up with the reduction in fuel prices.

The new prices of petrol and diesel of Maharashtra and Gujarat will be commenced from tomorrow. And the Maharashtra state will charge Rs 75.58 on petrol while Gujarat will charge Rs 66.53 per litre on it. Whereas Rs 59.55 will be charged in Maharashtra and Rs 60.77 will be charged in Gujarat on diesel.