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Fuel prices in Maha to come down as surcharge to be slashed

Press Trust of India  |  Mumbai 

The prices of petrol and diesel are set to come down in as the has decided to slash the state surcharge levied on petroleum products.

State food and civil supplies minister gave this information here today.

"The prices of petrol will come down in the range of 66 paise to Rs 1.77 per litre depending on the local taxes of the municipal corporations and other local bodies. Similarly the diesel prices will come down in the range of Rs 1.25 to Rs 1.66 per litre," Bapat said.

"The roll-out made all the other existing taxes redundant. Though the Brihanmumbai Municipal Corporation's (BMC) octroi was abolished, the state surcharge was found to be exercised by the public sector companies. Hence, the state made a request to the Union Petroleum Ministry to abolish these charges as well," he said.

On July 10, the state received the order of not charging the state surcharge on of petroleum products. Hence, its implementation will bring down the price of petrol and diesel, Bapat said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 23:57 IST