Maharashtra Budget: Govt reduces VAT on petrol and diesel for Mumbai and other areas

Maharashtra Budget: Govt reduces VAT on petrol and diesel for Mumbai and other areas

Reduction announced with the new budget.

The Maharashtra Government has decided to reduce VAT on petrol and diesel for a total of three regions, namely Mumbai, Navi Mumbai, and Thane. For Mumbai, VAT on diesel will be slashed from 24% to 21%, which will bring a reduction of around ₹2 in the prices. With this reduction, the cost of diesel in Mumbai will drop to ₹90.15 from ₹92.15.

Meanwhile, the tax on petrol is being decreased from 26% to 25%, bringing a difference of 65 paise per litre in the price. With this, the cost of petrol in Mumbai will drop to ₹103.56 from ₹104.21.

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