close_game
close_game

Maharashtra govt reduces VAT on petrol, diesel in Mumbai region. Check new prices

Jun 28, 2024 05:08 PM IST

The government said that it is reducing VAT on diesel from 24% to 21% and from 26% to 25% on Petrol for Mumbai and Navi Mumbai.

The Maharashtra government on Friday announced its decision to reduce Value Added Tax (VAT) on diesel and Petrol for the Mumbai region.

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai.(Reuters/File)
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai.(Reuters/File)

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. The new prices, once effective, will be 90.15 for diesel and 103.56 for petrol.

In his Budget speech, Ajit Pawar also announced a financial assistance scheme entailing a monthly allowance of 1,500 to eligible women in the age group of 21 to 60 years in the state.

Also Read | Last session of Maharashtra assembly to witness bitter tussle between MVA, Mahayuti

Pawar said the scheme "Mukhyamantri Majhi Ladki Bahin Yojana", will be implemented from July, four months ahead of the state polls which are due in October.

"We are announcing Mukhyanantri Majhi Ladki Bahin. Under this, all women will be given 1500 per month. The scheme will be implemented from July 2024," the deputy chief minister said.

Also Read | Maharashtra economic growth to fall from 9.4% to 7.6% in 2023-24

The government will make an annual budgetary allocation of 46,000 crore will be made for the scheme, he added.

Pawar also announced free three gas cylinders annually per household under the Mukhyamantri Annapurna Yojana. About 52,16,412 families will benefit from the move, he said.

Catch every big hit,...
See more
Catch every big hit, every wicket with Crickit, a one stop destination for Live Scores, Match Stats, Infographics & much more. Explore now!

Stay updated with all the Breaking News and Latest News from Mumbai. Click here for comprehensive coverage of top Cities including Bengaluru, Delhi, Hyderabad, and more across India along with Stay informed on the latest happenings in World News.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, October 14, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On