Maharashtra govt reduces VAT on petrol, diesel in Mumbai region. Check new prices
Hindustan TimesThe Maharashtra government on Friday announced its decision to reduce Value Added Tax on diesel and Petrol for the Mumbai region. Deputy chief minister Ajit Pawar, while tabling the state Budget for 2024-25, said the government is reducing 24% to 21% of VAT on diesel for Mumbai, Navi Mumbai and Thane region. “Tax on diesel is being decreased from 24% to 21 % for Mumbai region, effectively 2 rupees per litre less prices of diesel,” Pawar, who holds the finance portfolio, said in his budget speech. “ In Mumbai region, tax on Petrol being decreased from 26% to 25% which will effectively decrease rates of petrol by 65 Paise per litre.” At present, the price of petrol in the Mumbai is ₹104.21 per litre, and the cost of diesel is 92.15 per litre.