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Petrol to cost more in Maharashtra

VAT collections are the highest source of revenue for the cash-strapped state government

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The Maharashtra government on Friday increased the price of petrol with effect from Saturday by Rs 3 per litre by hiking value added tax (VAT) rates. On Friday, the finance department issued a notification hiking the VAT rates on petrol from Rs 6 to Rs 9 per litre. VAT collections are the highest source of revenue for the cash-strapped state government.

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