Petrol, Diesel Gets Costlier In Maharashtra As State Hikes Cess

In the state of Maharashtra, petrol and diesel have become costlier by Rs 2 per litre with effect from 1 June as the state government has decided to levy a cess of Rs 2 on fuel. The decision has increased the price of fuel in Mumbai to Rs 78.32 per litre of petrol and Rs 68.21 per litre of diesel.

In India, prices of the vehicular fuels vary among states due to state government-imposed taxes in addition to those imposed by the central government.

In Maharastra, Value Added Tax (VAT) on petrol and diesel is 26 percent 24 percent, respectively. Cess has now been raised from Rs 8.12 to Rs 10.12 per litre on petrol and from Re 1 to Rs 3 per litre on diesel.

When compared to the financial capital of the country, fuel is cheaper in other major metros of India. On 1 June, petrol per litre was priced at Rs 71.26 in New Delhi, Rs 73.30 in Kolkata, Rs 75.54 in Chennai and Rs 73.55 in Bengaluru. On the other hand, diesel per litre was priced at Rs 69.39 in New Delhi, Rs 65.62 in Kolkata, Rs 68.22 in Chennai and Rs 65.96.