The Chief Minister Eknath Shinde on Thursday, after a cabinet meeting announced that the decision would entail a burden of Rs 6,000 crore on the state exchequer but will lead to reducing the inflation.
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In a major relief from spiraling fuel prices, the newly formed Maharashtra government has slashed VAT on petrol and diesel by Rs 5 per litre and Rs 3 per litre respectively.
The Chief Minister Eknath Shinde on Thursday, after a cabinet meeting announced that the decision would entail a burden of Rs 6,000 crore on the state exchequer but will lead to reducing the inflation,.
Deputy Chief Minister Devendra Fadnavis said the move to cut petrol-diesel rates was in tune with the new government’s commitment to public welfare and would directly benefit the masses.
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“After the reduction in the petrol-diesel prices by the Centre a few months ago, some state governments had extended similar reliefs, and now it has been given even in Maharashtra,” added Shinde.
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