Maharashtra cuts VAT on petrol, diesel; calls it 'Diwali gift'

Petrol will be cheaper by Rs 2 and diesel by Re 1 per litre across Maharashtra from midnight today after the state government reduced the value-added tax (VAT) on the fuels.

Making the announcement about VAT reduction on petrol and diesel today, Finance Minister Sudhir Mungantiwar termed it as a "Diwali gift" to people of the state.

The revised rates will be applicable from midnight today, he said.

"The chief minister has approved a proposal to reduce the VAT on petrol and diesel by Rs 2 and Re 1 a litre, respectively. This is our Diwali gift to the masses," Mungantiwar told

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