These States Have Further Reduced Petrol, Diesel Prices After Centre’s Excise Duty Cut

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The government has cut the central excise duty on petrol by Rs. 8 and diesel by Rs. 6 per litre

In what came as a relief to Indian consumers affected by rising fuel costs, earlier on May 21, the central government announced reducing the central excise duty on petrol by ₹ 8 and diesel by ₹ 6 per litre. Announcing the duty cut, Finance Minister Nirmala Sitharaman had said that this would effectively bring down petrol and diesel prices by ₹ 9.5 per litre and ₹ 7 per litre, respectively. For its part, a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.

Also Read: Centre Slashes Excise Duty On Petrol By ₹ 8 And Diesel By ₹ 6

Maharashtra:

A day after the centre’s announcement, Chief Minister of Maharashtra Uddhav Thackeray announced that the state government will further reduce the VAT on petrol by ₹ 2.08 per litre and that on diesel by ₹ 1.44 per litre. Making the announcement, Thackeray further claimed that this reduction in excise duty by the central government was not enough, and more needed to be done. Following the reduction of central excise duty and state VAT, petrol price in Maharashtra, which had crossed ₹ 120 per litre, has now come down to about ₹ 110 per litre. In the state’s capital Mumbai fuel prices today stand at ₹ 111.35 for a litre of petrol and ₹ 97.28 for a litre of diesel.

Kerala:

Following Maharashtra, Kerala too announced a reduction of VAT on petrol and diesel prices. KN Balagopal, the Finance Minister of Kerala said that the state government has decided to reduce the VAT on petrol by ₹ 2.41 per litre and ₹ 1.36 per litre for diesel. In the state’s capital Trivandrum, petrol is currently retailed at ₹ 107.71 per litre, and diesel at ₹ 96.52 per litre. The same in Cochin is ₹ 105.59 per litre and ₹ 94.53 per litre respectively.

Rajasthan:

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The state of Rajasthan too has reduced VAT on petrol and diesel by ₹ 2.41 per litre and ₹ 1.36 per litre respectively. Taking to Twitter, the state chief minister Ashok Gehlot wrote, “Due to the reduction in the prices of petrol and diesel by the central government, the state government will reduce VAT by ₹ 2.48 per litre on petrol and ₹ 1.16 per litre on diesel. With this, petrol will be cheaper by ₹ 10.48 and diesel by ₹ 7.16 per litre in the state.” In Jaipur, petrol prices today stand at ₹ 108.48 per litre, while diesel is priced at 93.72 per litre. In Sri Ganganagar, where fuel prices are known to be most expensive, petrol is priced at ₹ 113.49 lakh per litre and diesel ₹ 98.24 per litre.

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