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BMC budget: All you want to know
Updated On: 04 February, 2016 09:23 AM IST | | Tanvi Deshpande
Blame the BMC if this time you have to pay more for petrol or diesel because in its budget estimates presented on Wednesday, the civic body has sought to increase the octroi levied on crude oil from 3% to 4.5%
Blame the BMC if this time you have to pay more for petrol or diesel because in its budget estimates presented on Wednesday, the civic body has sought to increase the octroi levied on crude oil from 3% to 4.5%. This means crude oil brought into the city will now be charged more octroi and if the companies decide to lay its burden on consumers, then prices are set to rise. The budget will now have to be approved by the general assembly.
The BMC came out with its annual budget estimates on Wednesday with a good 10% increase from last year keeping an eye on 2017 civic election. The budget for 2016-17 fiscal is Rs 37,052 crore, about Rs 3,000 crore more than last year. Last year's annual estimated budget was Rs 33,500 crore. Of the increased expenditure, Rs 1000 crore have been earmarked for the coastal road alone.


