Mumbai, June 28: The Maharashtra government on Friday slashed the value-added tax (VAT) on fuel in the Mumbai metropolitan region, which will make petrol cheaper by 65 paise per litre and diesel by Rs 2.60 per litre. Maharashtra Budget 2024: Finance Minister Ajit Pawar Announces 'Mukhyanantri Majhi Ladki Bahin' Scheme To Guarantee Rs 1500 to Women, To Be Implemented From July.

The announcement was made by Deputy Chief Minister and state Finance Minister Ajit Pawar during the presentation of the annual state budget. The decision will be applicable only in the Mumbai metropolitan region, he said. The move will cost the state exchequer Rs 200 crore, Pawar said. Airtel New Plan: Bharti Airtel Follows Jio, Hikes Mobile Tariffs by Up to 21%; New Plans to Be Effective From July 3.

Talking to reporters later, Chief Minister Eknath Shinde said, "The VAT cut has been proposed in the budget. Once the budget is passed by the state legislative assembly and the council, the decision will come into effect from July 1."