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Maharashtra Govt hikes petrol and diesel prices by Rs. 2 each

The state of Maharashtra is the worst affected state in India due to the outbreak of the novel coronavirus. The state has seen a total of 65168 positive cases with 2197 succumbing to the same. Moreover, the COVID-19 has also affected the economy of the country which is dwindling and is almost on the verge of falling out after the coronavirus pandemic has swung the normalcy entire world bringing it down to a complete standstill.

The government of Maharashtra has seen a decrease in the tax collection which has provoked the Maharashtra government to find different ways in order to revive its coffer.  According to the reports, petrol and diesel prices will increase by Rs 2 on Monday after the government decided to hike the cess levied on the two fuels.

The government stated that the cess on petrol increase from Rs 10.12 and the cess on diesel will be Rs 3 per litre. The price of petrol increases to Rs 78.31 per litre from Rs 76.31 and the price of diesel to Rs 68.21 from Rs 66.21.

The decision is however feared to backfire as the large diesel vehicles leaving and arriving in the state may refill fuels before or after leaving the state considering the hike in prices of the fuels.

An oil marketing company official said that at times oil marketing companies absorb a portion of the increased price and that they are waiting for the final price calculation.

-Christo Freddy, NMTV News

NMTV

NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

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