A decision to reduce VAT on fuel will be taken in the state cabinet, Shinde informed the House, while replying to a debate after he won the floor test.
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.
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
In November last year, the government reduced the excise duty on petrol and diesel. Petrol had become cheaper by Rs 5 per liter while diesel cost reduced by Rs 10 per liter. Some states had also reduced VAT that further helped reducing petrol, diesel prices.
The Delhi government on Wednesday decided to reduce the VAT on petrol, bringing down the price of the fuel in the city by about Rs 8 per litre, a move Chief Minister Arvind Kejriwal said will give relief to Delhiites from inflation.
The price of petrol after the VAT cut will go down from the current ₹ 103 per litre to ₹ 95 per litre.
Civil Aviation Minister Scindia has been requesting states to reduce taxes on jet fuel, which accounts for a major chunk of the operational costs of an airline.
Speaking at a conference of the ministers of civil aviation from states & UTs in Delhi on Friday, Scindia said that there is a need for 9,500 pilots.
The previous government used to charge an 18 per cent tax on the ATF. In November 2018, the Bharatiya Janata Party (BJP)-led government reduced the state's share of tax by 2 per cent and fixed it at 16 per cent.
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.
The most reduction in the Petrol prices has been in Karnataka, followed by Puducherry and Mizoram. The prices of Petrol in these states have come down by Rs 13.35, Rs 12.85 and Rs 12.62 respectively, the release further added.
When many other states had increased fuel tax and introduced cess during the COVID-19 period, Kerala had not done so considering the plight of struggling commoners, the state Finance Minister said.
Petrol and diesel prices witnessed a minor surge in the national capital and stood at Rs 90.74 and Rs 81.12 per litre, respectively on Wednesday. The petrol prices were increased by 19 paise per litre and diesel by 21 paise in Delhi.
The retail prices of petrol were lowered by 7 paise for the second successive day across four metro cities on Monday. Diesel prices, on the other hand, were reduced by 8-9 paise.
Long queues were witnessed at COCO outlets that were the only lifeline for motorists in the national capital.
The deputy chief minister added that states which are already reeling under the losses cannot be expected to bear the burden of extra Rs 2.5/ltre cuts.
The revised rates of petrol in Delhi stood at Rs 81.82/litre and Rs 73.53/litre respectively.
Finance Minister Arun Jaitley announced a excise duty cut of Rs 2.50 per litre in the retail prices of petrol and diesel and had also asked the state governments to respond by matching the tax cut
Kurukshetra | October 4, 2018: Petrol, diesel prices cut by Rs 5, but is it enough?
Rajasthan Chief Minister Vasundhara Raje announced 4 per cent reduction in VAT (value added tax) on petrol and diesel.
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