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Petrol, Diesel Prices In Maharashtra: The first big move from the new state govt, the Maharashtra Chief Minister Eknath Shinde announced a cut in petrol and diesesl prices owing to a cut in Value added tax (VAT). 


Fuel price cut in Maharashtra : petrol, diesel prices cut in Maharashtra 

Big cheer across Maharashtra as the new govt announced a steep cut in VAT to reduce petrol and diesel prices. Find out details here

Fuel price cut: petrol, diesel prices cut in Maharashtra 

Maharashtra cuts VAT on petrol by Rs 5/litre, on diesel by Rs 3/litr

Petrol, Diesel Prices In Maharashtra: The first big move from the new state govt, the Maharashtra Chief Minister Eknath Shinde announced a cut in petrol and diesesl prices owing to a cut in Value added tax (VAT).&nbsp; CM Shinde announced that petrol will now be cheaper by Rs 5/litre while diesel prices will come down by Rs 3/litre. Devendra Fadnavis, Deputy Chief Minister of <a href="https://www.editorji.com/india-news/maharashtra-rains-heavy-downpour-leads-to-house-collapses-and-lanslides-1657014127996" target="_blank">Maharashtra </a>hailed the decision which will be a great relief to everyone in Maharashtra as the state takes a Rs 6000 cr hit by cutting the tax.&nbsp; In Mumbai, the price of petrol prior to the cut stood at Rs 111.35 per litre and that of diesel at Rs 97.28 per litre. Mumbai has the highest petrol price in the country.

Ahead of Assembly elections in the state in 2022, the Punjab government on Sunday announced a cut in petrol and diesel prices by Rs 10 and Rs 5 respectively.Chief Minister Charanjit Singh Channi said the reduced prices, owing to decrease in the value added tax levied on diesel and petrol, will come into effect from Monday, 12 am.
Channi announced the move, which is set to cost the cost the state exchequer Rs 1000 crore annually, after a Punjab Cabinet meeting. The chief minister said&nbsp;such a measure has not been taken in 70 years, adding that petrol in Punjab has become the cheapest in the region and as compared to Delhi, petrol in Punjab is now Rs 9 less.
As fuel prices continued to rise, the Centre has last week announced a cut in excise duty on petrol by Rs 5 per litre and Rs 10 a litre on diesel.

Congress-ruled Punjab reduces petrol price by ₹10, diesel by ₹5

Congress-ruled Punjab has reduced petrol price by ₹10, diesel by ₹5. CM Channi announced the move, which is set to cost the state exchequer Rs 1000 crore annually

Punjab cuts petrol &amp; diesel prices by Rs 10 &amp; Rs 5&nbsp;respectively
CM Channi&nbsp;announced the cut ahead of polls early next year&nbsp;
Fuel cut&nbsp;to cost Rs 1000 crore&nbsp;annually to Punjab exchequer
Petrol in Punjab now Rs 9/litre less than Delhi: CM Channi

Channi announced the move, which is set to cost the state exchequer Rs 1000 crore annually, after a Punjab Cabinet meeting.

Ahead of Assembly elections in the state in 2022, the Punjab government on Sunday announced a cut in petrol and diesel prices by Rs 10 and Rs 5 respectively. Chief Minister Charanjit Singh Channi said the reduced prices, owing to decrease in the value added tax levied on diesel and petrol, will come into effect from Monday, 12 am.
Channi announced the move, which is set to cost Punjab exchequer Rs 1000 crore annually, after a Punjab Cabinet meeting.
 Also watch:&nbsp;<a href="https://www.editorji.com/business-news/petrol-politics-22-bjp-states-cut-vat-prices-below-rs-100-in-most-bjp-ruled-states-uts-1636191960452" target="_blank">Petrol politics: 22 BJP states cut VAT; prices below Rs 100 in most BJP-ruled states/UTs</a> The chief minister said&nbsp;such a measure has not been taken in 70 years, adding that petrol in Punjab has become the cheapest in the region and as compared to Delhi, petrol in Punjab is now Rs 9 less.
As fuel prices continued to rise, the Centre has last week announced a cut in excise duty on petrol by Rs 5 per litre and Rs 10 a litre on diesel.

A day after the Centre slashed the excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively, Shiv Sena MP Sanjay Raut on Thursday said the BJP has to be defeated completely if the fuel prices have to be brought down by Rs 50.
Slamming the Centre, Raut, whose party shares power with the NCP and Congress in Maharashtra, told reporters that one really needs to be harsh to raise the fuel prices to over Rs 100.
Petrol prices in the country were over Rs 100 for some time now.
ALSO WATCH:&nbsp;Petrol prices: BJP states sweeten Centre's gift with additional cuts in fuel ratesOn Wednesday, the central government cut the excise duty on petrol and diesel by a record Rs 5 and Rs 10 per litre, respectively, to help bring down rates from their highest-ever levels The move came a day after the BJP lost bypolls in some states controlled by it.
Raut said the reduction of price by Rs 5 is not going to serve any purpose and it should have been brought down first by at least Rs 25, and then Rs 50.
&ldquo;After the BJP's defeat in the bypolls, the Centre reduced the fuel prices by Rs 5. If the price has to be brought down by Rs 50, then the BJP must be defeated completely,&rdquo; he aid.
The Rajya Sabha member claimed people have to celebrate Diwali after taking a loan and there is no atmosphere of festivity because of the inflation.
Following the Centre's decision to reduce the excise duty, many states, especially those ruled by the BJP, also slashed the Value Added Tax (VAT) on fuels.
The BJP lost all the three Assembly seats in Himachal Pradesh and Mandi Lok Sabha seat in the northern state, bypolls for which were held on October 30.
It also failed to win Delgur Assembly bypoll in Maharashtra and the neighbouring Dadra and Nagar Haveli Lok Sabha seat by-election.

Shiv Sena MP Sanjay Raut: BJP has to be defeated completely to cut fuel prices by Rs 50

Shiv Sena MP Sanjay Raut: BJP has to be defeated completely to cut fuel prices by Rs 50. Here's a report

After the Centre slashed the excise duty on petrol and diesel, Shiv Sena MP Sanjay Raut on Thursday said the BJP has to be defeated completely if the fuel prices have to be brought down by Rs 50.
Slamming the Centre, Raut, whose party shares power with the NCP and Congress in Maharashtra, said that one really needs to be harsh to raise the fuel prices to over Rs 100.
Petrol prices in the country were over Rs 100 for some time now.
On Wednesday, the central government cut the excise duty on petrol and diesel by a record Rs 5 and Rs 10 per litre, respectively, to help bring down rates from their highest-ever levels. The move came a day after the BJP lost bypolls in some states controlled by it.
Raut said the reduction of price by Rs 5 is not going to serve any purpose and it should have been brought down first by at least Rs 25, and then Rs 50.
The Rajya Sabha member claimed people have to celebrate Diwali after taking a loan and there is no atmosphere of festivity because of the inflation.
&nbsp;

The Rajya Sabha member claimed people have to celebrate Diwali after taking a loan and there is no atmosphere of festivity because of the inflation.

A day after the Centre slashed the <a href="https://www.editorji.com/india-news/politics/priyanka-gandhi-s-swipe-at-centre-s-petrol-price-cut-says-move-out-of-fear-1636007808666">excise duty</a> on petrol and diesel by Rs 5 and Rs 10 per litre, respectively, Shiv Sena MP Sanjay Raut on Thursday said the BJP has to be defeated completely if the fuel prices have to be brought down by Rs 50.
Slamming the Centre, Raut, whose party shares power with the NCP and Congress in Maharashtra, told reporters that one really needs to be harsh to raise the fuel prices to over Rs 100.
Petrol prices in the country were over Rs 100 for some time now.
ALSO WATCH:&nbsp;<a href="https://www.editorji.com/india-news/petrol-prices-bjp-states-sweeten-centre-s-gift-with-additional-cuts-in-fuel-rates-1635999112610">Petrol prices: BJP states sweeten Centre's gift with additional cuts in fuel rates</a> On Wednesday, the central government cut the excise duty on petrol and diesel by a record Rs 5 and Rs 10 per litre, respectively, to help bring down rates from their highest-ever levels The move came a day after the BJP lost bypolls in some states controlled by it.
Raut said the reduction of price by Rs 5 is not going to serve any purpose and it should have been brought down first by at least Rs 25, and then Rs 50.
&ldquo;After the BJP's defeat in the bypolls, the Centre reduced the fuel prices by Rs 5. If the price has to be brought down by Rs 50, then the BJP must be defeated completely,&rdquo; he aid.
The Rajya Sabha member claimed people have to celebrate Diwali after taking a loan and there is no atmosphere of festivity because of the inflation.
Following the Centre's decision to reduce the excise duty, many states, especially those ruled by the BJP, also slashed the Value Added Tax (VAT) on fuels.
The BJP lost all the three Assembly seats in Himachal Pradesh and Mandi Lok Sabha seat in the northern state, bypolls for which were held on October 30.
It also failed to win Delgur Assembly bypoll in Maharashtra and the neighbouring Dadra and Nagar Haveli Lok Sabha seat by-election.

Congress leader Priyanka Gandhi Vadra on Thursday took a swipe at the Centre, which announced a cut in levies on petrol and diesel. In a tweet, the Congress general secretary said that the decision has been taken out of fear.
"This is a decision out of fear, not from the heart. Vasooli government will get an answer for the loot in the coming elections," she said in her tweet.
The Centre of Wednesday announced an excise cut of Rs 5 on petrol and Rs 10 on diesel, providing major relief to consumers amid spiralling fuel prices.
Several other opposition leaders too dubbed the Centre's move as too little too late.
RJD supremo Lalu Prasad Yadav called the Centre's move a "drama" and said that the prices will again be increased after the UP elections.
RJD leader and former Bihar Deputy Chief Minister Tejaswi Yadav said that the price of petrol should be brought down below ₹ 70 per litre.
"Earlier, BJP felt that ₹ 70 per litre petrol was costly and now they have raised the prices above ₹ 100 per litre. They should bring the price of petrol under ₹ 70 per litre at least," he said.
&nbsp;

Priyanka Gandhi's swipe at Centre's petrol price cut, says move 'out of fear'

"Out of fear": Priyanka Gandhi's swipe at Centre after it cut levies on petrol and diesel

Fuel price cut decision out of fear, not from heart: Priyanka Gandhi

Congress leader Priyanka Gandhi Vadra on Thursday took a swipe at the Centre, which announced a cut in levies on petrol and diesel. In a tweet, the Congress general secretary said that the decision has been taken out of fear.
The Centre of Wednesday announced an excise cut of Rs 5 on petrol and Rs 10 on diesel, providing major relief to consumers amid spiralling fuel prices.
Several other opposition leaders too dubbed the Centre's move as too little too late.
RJD supremo Lalu Prasad Yadav called the Centre's move a "drama" and said that the prices will again be increased after the UP elections.

The Centre of Wednesday announced an excise cut of Rs 5 on petrol and Rs 10 on diesel, providing major relief to consumers amid spiralling fuel prices.

Congress leader Priyanka Gandhi Vadra on Thursday took a swipe at the Centre, which announced a cut in levies on petrol and diesel. In a tweet, the Congress general secretary said that the decision has been taken out of fear.
"This is a decision out of fear, not from the heart. Vasooli government will get an answer for the loot in the coming elections," she said in her tweet. ALSO WATCH:&nbsp;<a href="https://www.editorji.com/india-news/politics/20-lakh-govt-jobs-and-more-priyanka-gandhi-s-top-promises-for-2022-up-polls-1634990391578">'20 lakh govt jobs' and more: Priyanka Gandhi's top promises for 2022 UP polls</a>
The Centre of Wednesday announced an excise cut of Rs 5 on petrol and Rs 10 on diesel, providing major relief to consumers amid spiralling fuel prices.
<a href="https://www.editorji.com/india-news/politics/20-lakh-govt-jobs-and-more-priyanka-gandhi-s-top-promises-for-2022-up-polls-1634990391578">Several other opposition leader</a>s too dubbed the Centre's move as too little too late.
RJD supremo Lalu Prasad Yadav called the Centre's move a "drama" and said that the prices will again be increased after the UP elections.
RJD leader and former Bihar Deputy Chief Minister Tejaswi Yadav said that the price of petrol should be brought down below ₹ 70 per litre.
"Earlier, BJP felt that ₹ 70 per litre petrol was costly and now they have raised the prices above ₹ 100 per litre. They should bring the price of petrol under ₹ 70 per litre at least," he said.
&nbsp;

After the Centre's Diwali bonanza of a cut on petrol and diesel prices, several BJP-ruled states have rushed in to further sweeten the Centre's gift to people.
At least nine BJP-ruled states - Assam, Tripura, Manipur, Karnataka, Goa, Uttar Pradesh, Gujarat, Himachal Pradesh and Uttarakhand - have announced additional cuts in prices of petrol and diesel.
The move came hours after the Centre announced a cut in excise duty on petrol and diesel by ₹ 5 and ₹ 10 respectively on the eve of Diwali.
In poll-bound UP, Yogi Adityanath government has reduced the VAT by Rs 7 and Rs 2 respectively on petrol and diesel. Couple with the Centre's cut, the fuel will become Rs12 a litre cheaper in the state.
Assam, Tripura, Manipur, Karnataka, Gujarat and Goa have also reduced the prices of both the fuel by ₹ 7 per litre in addition to the Centre's relief.
Uttarakhand has reduced the VAT on petrol by ₹ 2 per litre. Himachal Pradesh Chief Minister Jairam Thakur said that the state will soon issue a notification to reduce VAT on petrol and diesel.

Petrol prices: BJP states sweeten Centre's gift with additional cuts in fuel rates

Petrol & diesel prices: BJP states sweeten Centre's gift with additional cuts in fuel rates. Know what's the new rate in your state

9 BJP-ruled states have further cut VAT on petrol and diesel

BJP states sweeten Centre's gift with additional cuts in fuel rates
At least 9 BJP-ruled states have further cut VAT on petrol and diesel
Centre slashed excise duty on petrol and diesel by ₹ 5 and ₹ 10 respectively&nbsp;
Assam, Tripura, Manipur, Karnataka, Gujarat and Goa&nbsp;cut VAT by Rs 7

BJP states have reduced VAT after the Centre announced a cut in excise duty on petrol and diesel by ₹ 5 and ₹ 10 respectively on the eve of Diwali

After the Centre's Diwali bonanza of a cut on petrol and diesel prices, several BJP-ruled states have rushed in to further sweeten the Centre's gift to people.
At least nine BJP-ruled states - Assam, Tripura, Manipur, Karnataka, Goa, Uttar Pradesh, Gujarat, Himachal Pradesh and Uttarakhand - have announced additional cuts in prices of petrol and diesel.
The move came hours after the Centre announced a cut in excise duty on petrol and diesel by ₹ 5 and ₹ 10 respectively on the eve of Diwali.
Read about: <a href="https://www.editorji.com/business-news/tomato-onion-prices-rise-sharply-on-high-fuel-rates-crop-damages-1634094539778" target="_blank">How high fuel prices affect costs of vegetables</a>
In poll-bound UP, Yogi Adityanath government has reduced the VAT by Rs 7 and Rs 2 respectively on petrol and diesel. Couple with the Centre's cut, the fuel will become Rs12 a litre cheaper in the state.
Assam, Tripura, Manipur, Karnataka, Gujarat and Goa have also reduced the prices of both the fuel by ₹ 7 per litre in addition to the Centre's relief.
Uttarakhand has reduced the VAT on petrol by ₹ 2 per litre. Himachal Pradesh Chief Minister Jairam Thakur said that the state will soon issue a notification to reduce VAT on petrol and diesel.

Good news as fuel prices have reduced in the key metro cities. In the national capital, petrol price was cut by 15 paise to Rs 101.19 per litre. Similarly, petrol prices in the other key cities of Mumbai, Chennai and Kolkata were reduced to Rs 107.26, Rs 98.96 and Rs 101.62 a litre, respectively.
In line with petrol prices, diesel prices were also lowered on Sunday. Price of the fuel in Delhi, Mumbai, Chennai and Kolkata stood at Rs 88.62, Rs 96.19, Rs 93.26 and Rs 91.71 per litre.
This change comes after&nbsp;OPEC and its allies have agreed to gradually raise production levels that should prevent upward price movement. The concerns on demand due to the pandemic are also affecting oil prices.
After touching $74 a barrel mark last week, benchmark Brent crude is now around $72 a barrel now.

Marginal relief for consumers: fuel prices take a downward turn

Fuel prices reduced in the key metro cities after keeping them unchanged for three consecutive days.

Fuel prices reduced in the key metro cities after remaining unchanged for three consecutive days.

Good news for consumers as fuel prices have reduced in key metro cities. In the national capital, petrol price was cut by 15 paise to ₹101.19 per litre. Similarly, petrol prices in the other key cities of Mumbai, Chennai and Kolkata were reduced to ₹107.26, ₹98.96 and ₹101.62 a litre, respectively.
In line with petrol prices, diesel prices were also lowered on Sunday. Price of the fuel in Delhi, Mumbai, Chennai and Kolkata stood at ₹88.62, ₹96.19, ₹93.26 and ₹91.71 per litre.
This change comes after&nbsp;OPEC and its allies agreed to gradually raise production levels and thus preventing upward price movement.

The DMK government in Tamil Nadu on Friday slashed state tax on petrol by Rs three per litre to ease the burden on the citizens.
Finance Minister Palanivel Thiaga Rajan announced the cut while presenting the Revised Budget for 2021-22 to the Assembly.
This measure will result in a loss of revenue of Rs.1,160 crore a year," the Finance Minister said.
The state government held the Centre responsible for increase in the cost of fuel and said the onus of providing relief to end consumers lay with the union government.
Fuel prices have been rising across the country and have breached the ₹ 100 mark in several states.
Fuel prices differ from state to state depending on local taxes. Over 50% of the retail petrol prices comprises of central and state taxes.

DMK govt in Tamil Nadu slashes petrol prices by Rs 3, targets Centre

The DMK government in Tamil Nadu on Friday slashed petrol prices in the state by Rs 3 per litre,&nbsp;which will cost the state Rs 1,160 crore a year

The DMK government in Tamil Nadu on Friday slashed state tax on petrol by Rs three per litre to ease the burden on the citizens.
Finance Minister Palanivel Thiaga Rajan announced the cut while presenting the Revised Budget for 2021-22 to the Assembly.
This measure will result in a loss of revenue of Rs.1,160 crore a year," the Finance Minister said.
The state government held the Centre responsible for increase in the cost of fuel and said the onus of providing relief to end consumers lay with the union government.
Fuel prices have been rising across the country and have breached the ₹100 mark in several states.
Fuel prices differ from state to state depending on local taxes. Over 50% of the retail petrol prices comprises of central and state taxes.

The DMK government in Tamil Nadu on Friday slashed petrol prices in the state by Rs 3 per litre,&nbsp;which will cost the state Rs 1,160 crore a year

The DMK government in Tamil Nadu on Friday slashed state tax on petrol by Rs three per litre to ease the burden on the citizens.
Finance Minister Palanivel Thiaga Rajan announced the cut while presenting the Revised Budget for 2021-22 to the Assembly.
This measure will result in a loss of revenue of Rs.1,160 crore a year," the Finance Minister said.
The state government held the Centre responsible for increase in the cost of fuel and said the onus of providing relief to end consumers lay with the union government.
Fuel prices have been rising across the country and have breached the ₹ 100 mark in several states.
Fuel prices differ from state to state depending on local taxes. Over 50% of the retail petrol prices comprises of central and state taxes.

fuel price cut

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