In the Maharashtra cabinet meeting conducted on Thursday, July 14, Chief Minister Eknath Shinde announced a cut in VAT on petrol and diesel in the state, reports stated.
According to accounts, he proclaimed a reduction of INR 5 per litre on petrol and INR 3 per litre on diesel. The reduction in price is slated to be implemented on Thursday, July 14, at night.
Further, after the cabinet meeting at the Mantralaya, Shinde apprised the media that the decision would comprise a burden of INR 6,000 crore on the state exchequer.
On the other hand, Deputy CM Devendra Fadnavis articulated that the decision was part of the newly appointed government's commitment to the welfare of the people.
Earlier this month, in the two-day special Maharashtra legislative assembly session, the new state government had declared that it would soon take a decision to reduce VAT on diesel and petrol. This recent move comes in line with the same.
In addition to the above-mentioned decision taken in the cabinet meeting, other resolutions passed reportedly include:
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