Maharashtra Government to cut diesel prices by ₹1.5/litre

After the tax cut announced by Maharashtra government on petrol prices following centre’s move, Maharashtra Chief Minister Devendra Fadnavis also reduced the diesel price by ₹1.5 per litre

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After Union Minister Arun Jaitley on Thursday announced the reduction in fuel prices by ₹2.5 per litre, Maharashtra Government followed the central government and announced another ₹2.5 relief on petrol prices only. However, there was no reduction in the diesel prices until today.

Chief Minister Devendra Fadnavis on Friday announced that the state government will cut the diesel price by ₹1.50 per litre. After the tax cut by state and centre government, diesel in Maharashtra will be sold by ₹4 less. 

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We are preparing a formula for reducing the diesel prices by ₹4 per litre. The state government will bear huge losses for public interest,” CM Fadnavis said here in Mumbai while addressing the media.

The central government also announced that it will make a policy to regulate the rate offered by oil companies. CM Fadnavis clarified that his government’s stand on bringing the petrol and diesel prices under the ambit of Goods and Services Tax (GST) is positive.

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