Petrol is at all-time excessive in India even when the value have remained unchanged for almost a month
This excise obligation lower will price the southern state a lack of Rs 1,160 a yr, the federal government talked about.
- Last Updated:August 13, 2021, 14:05 IST
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To present a reduction to widespread man, Tamil Nadu authorities has determined to scale back the petrol worth in the state. Tamil Nadu finance minister P Thiaga Rajan lately on Friday introduced to lower excise obligation on petrol. Once carried out, the petrol worth can be cheaper by Rs 3. “This Government has determined to scale back the efficient fee of tax on petrol by Rs 3 per litre and thereby present main reduction to the toiling working-class folks in the State. This measure will consequence in a lack of income of Rs.1,160 crore a yr,” the FM said.
This excise duty cut will cost the southern state a loss of Rs 1,160 a year, the government mentioned.
Petrol is at all-time high in India even when the price have remained unchanged for nearly a month. A litre of petrol costs Rs 102.49 in Chenaai, according to the latest rates by oil-financing company. Diesel is being sold at Rs 94.39 per litre in Tamil Nadu’s capital. Petrol costs over Rs 100 in nearly 20 states across the country. The states are Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Odisha, Tamil Nadu, Kerala, Bihar and Punjab, Uttar Pradesh and Haryana.
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