CNG Price in Maharashtra: The Maha Vikas Aghadi (MVA) government on Friday presented the budget for 2022-23. With an eye on corporation elections in major cities including Mumbai amid rising fuel prices, the government also announced reduction of Value Added Tax (VAT) on natural gas from 13.5 per cent to 3 per cent over CNG. It also announced an amnesty scheme for traders, which would benefit around 3.2 lakh traders.
This move will provide relief to both CNG and PNG (Piped Cooking Gas) consumers. The move will ease the burden on consumers, who had faced a hike of Rs 18 in CNG in the past one year, with the retail rate currently rising to Rs 66 per kg. Apart from this, it will also give relief to those who are facing the recent hike for LPG across the state whose prices have gone up to Rs 39.50 per unit.
Moreover, if there is another hike in CNG in the wake of the Russo-Ukraine war and the international oil and natural gas crisis, it will to some extent be absorbed with the relief that will come in the next financial year, the experts explained.
In the Mumbai Metropolitan Region, there are over 8 lakh CNG consumers, including many auto-taxi and bus owners and over 3 lakh private car users, who have switched to green fuels as they are cheaper than petrol and diesel, apart from being eco-friendly. Selected option. There are also 18 lakh families in MMR who use PNG. In his budget speech, Finance Minister and Deputy Chief Minister, Ajit Pawar said, while they stand to benefit, the state may face a revenue shortfall of Rs 800 crore due to reduction in VAT on natural gas.
Natural gas is “eco-friendly” and is extensively used for domestic piped gas supply and also for CNG-powered motor vehicles, auto-rickshaws, taxis and private vehicles, the minister said.
Chief Minister Uddhav Thackeray said that by overcoming the pandemic, the budget will take a big leap for the overall development of the state. Expressing confidence that the state’s goal of a trillion dollar economy will be achieved through a five-point development agenda, Thackeray said, “The budget gave a booster dose to the development of agriculture, health, human resources, transport and industry. Is. ,
The CM also said that the development of various sectors will get a big boost due to various important announcements in the budget, such as a waiver scheme for various tax concessions, tax concessions on natural gas and stamp duty as well as promotion of water. tax exemption for transportation.
In the Budget Estimates for 2022-23, revenue receipts are estimated at Rs 4,03,427 crore and revenue expenditure at Rs 4,27,780 crore, resulting in a revenue deficit of Rs 24,353 crore.
“Though the economy has slowed down, the government intends to revive the economy through the five-point development programme. This expenditure on welfare schemes and expenditure is inevitable, the ensuing deficit, can be viewed favourably,” Pawar said in his budget speech, presenting it in the assembly on Friday.
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