Mumbai, June 26 -- Maharashtra Chief Minister Devendra Fadnavis announced a significant reduction in electricity tariffs across the state.

According to a statement released by the Maharashtra Chief Minister's Office, electricity rates will be reduced by 10 per cent in the first year and there will be a 26 per cent reduction in phases over the next five years.

The proportion of people using less than 100 units of electricity in the state is 70 per cent. Work on Mukhyamantri Saur Krishi Vahini Yojana 2.0 has started on a war footing, CMO added.

Hailing the decision, CM Fadnavis said in a post on X, "Good news on electricity tariffs! For the first time in the State's history, electricity tariffs will be reduced, starting with a 10 per cen...