The reduction in price as claimed by the state government is a natural result of the Centre's decision to cut down excise duty on fuel, Fadnavis said in a series of tweets.
A day after Centre cut excise duty on petrol and diesel, the Maharashtra government on Sunday slashed VAT on fuel. The government added that the state will have to bear an additional loss of Rs 2,500 for this move.
Petrol price on Sunday was slashed by Rs 8.69 a litre and that of diesel by Rs 7.05 per litre following the govt's decision to cut excise duty on auto fuels, giving relief to consumers battered by high fuel prices that had pushed inflation to a record high
Rajasthan and Kerala governments announced a tax reduction in prices of petrol and diesel after the Centre's announcement on the same.
Congress General Secretary Randeep Surjewala on Saturday slammed the Central government's decision to reduce prices of petrol and diesel
Participating a debate in Lok Sabha on the fuel price rise, Puri defended the Centre and said that price of petrol have been raised by Rs 9 over 12 or 13 days, whereas the international prices have shot up.
Petrol and diesel prices were on Monday hiked by 40 paise a litre each, taking the total increase in rates in the last 14 days to Rs 8.40 per litre.
Fuel prices are on a significant rise in metro cities including Delhi, Mumbai, and Kolkata. On Saturday, the national capital saw a rise of more than 80 paise as petrol stood at Rs 102.61 per litre and diesel at Rs 93.87 per litre. In Mumbai, the petrol and diesel prices per litre stood at Rs 117.57 and Rs 101.79, respectively (increased by 85 paise).
Diesel and petrol prices have gone up by Rs 6.40 per liter each between March 22, when they were hiked by 80 paise per liter after a hiatus of 137 days, and March 31.
Earlier on Tuesday, the central government had hiked the prices of petrol and diesel prices by 80 paise a litre each while domestic cooking gas LPG rates were increased by Rs 50 per cylinder.
Petrol and diesel prices were on Tuesday hiked by 80 paise a litre each while domestic cooking gas LPG rates were increased by Rs 50 per cylinder.
Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the usual practice of ordering directly from oil companies, widening the losses of retailers.
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said oil companies will determine the fuel prices and assured that there will be no shortage of crude oil in the country.
Presently, 10 per cent ethanol, extracted from sugarcane or surplus foodgrain, is blended or mixed in petrol (meaning 10 per cent of ethanol mixed with 90 per cent of petrol) with a view to cutting oil import dependence and provide farmers with an additional source of income.
Fuel prices have fallen in Delhi as it reduced the value added tax (VAT) on the fuel from 30 per cent to 19.40 percent on Wednesday.
Mamata Banerjee said that the Centre slashed excise duty recently on petrol and diesel with an eye on the upcoming Assembly elections in five states.
Chief Minister Charanjit Singh Channi made the announcement while addressing the media after the cabinet meeting. "We are reducing petrol rate by Rs 10 per litre and diesel rate by Rs 5 per litre from midnight," CM Channi said.
Petrol will cost Rs 103. 97 per litre in Delhi against Rs 110. 04 per litre, according to a price notification of state-owned fuel retailers. Diesel rates accordingly will reduce to Rs 86. 67 per litre from Rs 98. 42 per litre
"The state government has decided to reduce the VAT by Rs 7 and Rs 2 respectively on petrol and diesel," Additional Chief Secretary Navneet Sehgal said
After Assam, Tripura Chief Minister Biplab Kumar Deb on Wednesday announced that petrol and diesel prices in the state will be reduced by Rs 7 effective from November 4 (Thursday).
Top News
Latest News
