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The Times of India
The Times of India
National
TIMESOFINDIA.COM

Maharashtra government slashes VAT on petrol and diesel

Petrol Maharashtra Shiv Sena Mumbai

MUMBAI: The Shiv Sena-led Maharashtra government on Sunday slashed the VAT on petrol by Rs 2.08 per litre and diesel by Rs 1.44 per litre. The development comes a day after the Centre reducing excise duty on fuel.

A statement issued by the government said the state exchequer will have to bear an annual loss of Rs 2,500 crore as a result of this decision.

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