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Maharashtra fears Rs 2200 cr revenue loss if it slashes fuel price

Finance Minister Sudhir Mungantiwar also said the government had already slashed taxes on petrol and diesel to check the surging prices of petrol and diesel at the state level.

September 26, 2018 / 21:45 IST
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3. Beware of the start-stop scam. A common method pumps use to scam motorists is filling up a lower amount ‘by mistake’. For example, say you have asked for fuel worth Rs 1,500. The attendant fills up only Rs 500 worth and after being pointed out his mistake goes ahead and pretends to reset the machine and fills up to Rs 1,000. All the while, you could be under the impression that you received Rs 1,500 worth of fuel. (Representative image)

Amid growing chorus to bring down fuel prices, the BJP-led Maharashtra government said the state would lose revenue to the tune of Rs 2,200 crore per year if it slashes the prices of petrol and diesel by Rs one per litre.

Finance Minister Sudhir Mungantiwar also said the government had already slashed taxes on petrol and diesel to check the surging prices of petrol and diesel at the state level.

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He said the government is in the favour of bringing petrol and diesel under the ambit of the GST, "but the Congress-led governments are against such move".

The next meeting of the GST council meeting is scheduled on September 28.