1. Home
  2. Business
  3. Big move of Eknath-led govt after takeover, CM announces to slash VAT on fuel soon

Big move of Eknath-led govt after takeover, CM announces to slash VAT on fuel soon

By Ruchi Upadhyay 
Updated Date

Mumbai: In the big move of Eknath -led government, CM announces to reduce the prices of fuel soon. Maharashtra will reduce the Value Added Tax or VAT on fuel, effectively bringing down the prices in the state, Eknath Shinde said today in one of his first big announcements as the new Chief Minister of Maharashtra. While most of the BJP-ruled states have chopped fuel prices, opposition-ruled states have been unwilling to do so.

Also Read :- Watch: Shocking video of the exact moment Odisha Health Minister was shot emerges

In November last year, the Centre had cut excise duty on petrol and diesel by ₹ 5 and 10. Most BJP ruled states had also cut down on VAT.

Replying to a congratulatory motion in the Legislative Assembly, he also announced Rs 21 crore for the development of Hirkani village in Raigad district.

In April, the Opposition-ruled states rejected the Prime Minister’s suggestion to cut VAT on fuel as a relief measure for the people. The Opposition-ruled states, had refused earlier as well, saying it would have a huge negative impact on their revenue.

The Maharashtra government had also cut the state-imposed tax on petrol and diesel by Rs 2.08 per litre and Rs 1.44 per litre at the end of May. The move had come after the central government on May 21 announced a tax reduction on petrol by Rs 8 per litre and on diesel by Rs 6 per litre. Union Finance Minister had also urged the states to follow the suit by cutting state levies on the vehicle fuels.

Also Read :- Air Asia Kolkata-bound flight makes emergency landing in Lucknow after it suffered a bird strike

For the latest news and reviews, follow us on Facebook, YouTube and Twitter पर फॉलो करे...