Fuel Prices Cut In Maharashtra: Petrol By Rs 5, Diesel By Rs 3

The tax cut needed for this will cost the state Rs 6,000 crore a year, but it will bring down overall inflation, says government

Petrol will now cost Rs 5 less and diesel Rs 3 less in Maharashtra as the state cabinet decided today. The tax cut needed for this will cost the state Rs 6,000 crore a year, but it will bring down overall inflation, Chief Minister Eknath Shinde said while announcing the decision.

This comes a week after Mr Shinde announced that he would cut the Value Added Tax (VAT) on fuel.