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Petrol and Diesel prices to further reduce in a week

Petrol and Diesel prices to further reduce in a week
Nikhil Puthran Nikhil Puthran Saturday 05 March 2016, 14:41 PM

Motorists in Maharashtra have a new reason to cheer about, as the petrol and diesel prices are likely to be reduced in about a week’s time. The reduction in prices would likely be passed on to consumers as the oil marketing companies have agreed to do away with the additional surcharge on products. State Consumer Protection Minister Girish Bapat has also added that the LPG and Kerosene shall be offered at cheaper rates in Maharashtra.

The minister held a meeting with Union Petroleum and Natural Gas Minister Dharmendra Pradhan in New Delhi on the state government's proposal to end "the unjust charging of surcharge" by petroleum companies for 2014-15. Mr. Bapat further added that, "The Federation of Petrol Dealers' Association had pointed out the issue. After going through the documents they had produced, I decided to have a meeting with Dharmendra Pradhan.” It is believed that at the meeting, the petroleum companies have agreed to remove the surcharge.

The minister further added, "This would help cut petrol prices in the state by 95 paise and diesel 66 paise in about a week.” He also stated that, the decision will also be applicable to LPG and kerosene prices. A separate proposal on surcharge for 2015-16 was also believed to be discussed at the meeting, which is intended to further bring down prices of petroleum products, Bapat said. The meet was attended by MLC Shobhatai Fadnavis and members of the Federation of Petrol Dealers' Association.

 

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