Petrol per litre breaches Rs.90 mark in Maharashtra

petrol in maharashtra

Fuel prices continues its upward swing even on Tuesday as it crosses Rs.90 mark in Maharashtra, a day after Bharat Bandh to protest the soaring costs of fuel.

In eastern Maharashtra, petrol is being sold at Rs.90.05 and diesel Rs.77.92 per litre, while in Delhi, petrol is Rs.80.87 and diesel Rs.72.97 per litre.

The hike comes after a day when top sources in finance ministry ruled out any cut in levies in the near future to ease the common man’s pain, claiming there was “no scope for a cut in excise duty by the Centre and VAT charged by the states.”

Meanwhile, Andhra Pradesh assembly passed a resolution to roll back petrol and diesel prices by Rs 2 per litre. In Vijayawada, petrol is selling at Rs 84.85 per litre and diesel is priced at Rs 78.16 per litre on Tuesday. Rajasthan had also reduced the taxes on both, diesel and petrol. The VAT on diesel and petrol was reduced by 4 per cent, a fall in the prices by Rs 2.5 per litre.

Almost 50 per cent of the fuel price is made up of taxes. The Centre levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel. Mumbai has the highest VAT of 39.12 per cent on petrol, while Telangana levies the highest VAT of 26 per cent on diesel.

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