Chief minister Prithviraj Chavan is likely to take a decision on the state policy towards reduction of petrol price, in consultation with his party seniors, next week.
"I will be in New Delhi for a meeting with the planning commission on May 29. I will meet the leaders there, following which a decision would be taken," said Chavan on Friday.
The CM said that the state is in need of funds in view of drought-like situation in 15 districts. "We are spending more money on relief measures," he said, suggesting that the state would incur losses by reducing tax on petrol at a time when it was in need of funds.
Meanwhile, the sales tax officials in the state are unwilling to reduce the value added tax on petrol, which is between 25% (rest of state) and 26% (for Mumbai), maintaining that the rates are lower than many other states.
Officers in the CM's office said that Chavan had decided to wait for the Centre to come up with his decision. "The CM feels that the Centre may try to reduce the prices before the opposition parties hold a nationwide protest on May 31."