Nagpur: The Maharashtra government on Sunday announced further reduction in petrol and diesel prices in the state.
The government slashed petrol price by Rs 2.08 per litre and diesel by Rs 1.44 per litre respectively. The reduction in Value Added Tax (VAT) comes a day after the Centre slashed excise duty on petrol and diesel by Rs 8 and Rs 6 respectively.
On Saturday, Finance minister Nirmala Sitharaman announced a cut in excise duty on fuels. Price reduction of Rs 8 and Rs 6 was announced for petrol and diesel respectively. In Maharashtra, petrol will be cheaper by Rs 9.5 per litre and diesel by Rs 7 per litre.
Sitharaman tweeted, “I wish to exhort all state governments, especially the states where reduction wasn’t done during the last round (November 2021), to also implement a similar cut and give relief to the common man.”
Reduction of Central Excise Duty on Petrol & Diesel. Central excise duty has been reduced by ₹ 8 per litre for Petrol and by ₹ 6 per litre for Diesel (by reducing Road & Infrastructure Cess).
Notification no. 02/2022- Central Excise & Notification no. 25/2022 – Customs issued. pic.twitter.com/SzlcJDKdqG— CBIC (@cbic_india) May 21, 2022
Soon after the finance minister’s announcement, Prime Minister Narendra Modi took to Twitter, saying the decisions showed that for his government, it is always people first.
“Today’s decisions, especially the one relating to a significant drop in petrol and diesel prices will positively impact various sectors, provide relief to our citizens and further ‘Ease of Living’,” the prime minister had tweeted.
