Even as transporters expressed happiness over the lowering of the prices of diesel and petrol, Mumbai’s kaali-peeli taxi operators protested on Thursday, as fares of CNG have also been raised. They said they have been incurring huge losses.

The newly formed Eknath Shinde-led government on Thursday decided to reduce the value added tax (VAT) on petrol and diesel by Rs 5 and Rs 3 per litre respectively. However, the retail price of CNG and PNG got costlier, as Mahanagar Gas Ltd. raised the CNG price by Rs 4 per kg and PNG price by Rs 3 per scm (standard cubic metre) in the megapolis, to offset the impact of high input costs and a weak rupee.