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- Mumbai Petrol Diesel Price; Eknath Shinde Govt Cut Vat On Fuel In Maharashtra
MumbaiOne hour ago
The Maharashtra government has made petrol cheaper by Rs 5 and diesel by Rs 3, giving relief to the common man from inflation. The state government has reduced VAT on petrol and diesel in the cabinet meeting today. At present, petrol is being sold in Mumbai for Rs 111.35 and diesel for Rs 97.28 per liter. After this deduction, petrol will get Rs 106.35 and diesel Rs 94.28 per liter.
Earlier in May also, the Maharashtra government had cut VAT on petrol by Rs 2.08 per liter and on diesel by Rs 1.44 per liter.
Maharashtra government at the forefront of earning from VAT
Maharashtra is at the fore in terms of earning from VAT. The state government earned Rs 34,002 crore through VAT in 2021-22. After this comes Uttar Pradesh’s number, it earned Rs 26,333 crore.
Maharashtra government’s earnings from VAT on petroleum products in the last 7 years
| year | Earnings (Rs. in Crore) |
| 2014-15 | 19,795 |
| 2015-16 | 19,417 |
| 2016-17 | 23,160 |
| 2017-18 | 25,256 |
| 2019-20 | 27,191 |
| 2020-21 | 25,430 |
| 2021-22 | 35,002 |
Telangana Highest in VAT, no VAT in Lakshadweep
Telangana has become at the forefront of VAT collection. Here 35.20% tax is being charged on petrol and 27% on diesel. Whereas in Rajasthan 31.02% VAT is being charged on petrol and 19.30% on diesel. Lakshadweep is the only state where VAT is not charged.
31.02% VAT on petrol in Rajasthan and 29% in Madhya Pradesh
| State | petrol (%) | diesel (%) |
| Rajasthan | 31.02 | 19.30 |
| Madhya Pradesh | 29.00 | 19.00 |
| Delhi | 19.40 | 16.75 |
| A state in Eastern India | 23.58 | 16.37 |
| Haryana | 18.20 | 16.00 |
| Chhattisgarh | 24.00 | 23.00 |
How are the prices of petrol and diesel determined?
Till June 2010, the government used to fix the price of petrol and it was changed every 15 days. After 26 June 2010, the government left it to the oil companies to decide the price of petrol. Similarly, till October 2014, the price of diesel was also fixed by the government, but from October 19, 2014, the government handed over this work to the oil companies.
At present, oil companies determine the price of petrol and diesel daily keeping in mind the price of crude oil in the international market, exchange rate, tax, transportation cost of petrol and diesel and many other things.
