Diwali bonanza: Petrol, diesel to cost less in Gujarat, Maharashtra
The Maharashtra government
reduced petrol and diesel prices by Rs 2 and Rs 1 respectively
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NEWS : A week after Petroleum Minister Dharmendra Pradhan urged the
state governments to cut the value added tax or VAT on petrol and diesel, two
BJP-ruled states Gujarat and Maharashtra have today slashed the VAT on fuel.
The Gujarat government on Tuesday
announced a 4 per cent cut in VAT on petrol and diesel, effective from midnight,
to bring down fuel prices in the state.
The Maharashtra government reduced petrol
and diesel prices by Rs 2 and Rs 1 respectively.
Making the announcement, Chief
Minister Vijay Rupani told the media that with the reduction in VAT, petrol
price will be reduced by Rs 2.93 a litre and that of diesel by Rs 2.72 a litre.
"The decision will provide a
big relief to the middle class during Diwali festival and vacation," he
said. (Click here to read the entire report)
The move comes after Maharashtra
had increased to 47 per cent from 27 per cent
with in a year.
Hours after the Gujarat government
announced the tax cut, Devendra Fadnavis government also came out with tax
reduction on fuel.
Making the announcement about VAT
reduction on petrol and diesel today, Finance Minister Sudhir Mungantiwar also
termed it as a "Diwali gift" to people of the state.
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