Following the Centre’s decision to cut excise duty on fuel rates earlier on Saturday, the Kerala government announced a cut in state taxes on petrol and diesel prices. 2.41 more 1.36 per litre.
Finance Minister KN Balagopal said, the central government has partially reduced the heavy tax on it petrol and diesel, The Kerala government welcomes this decision.”
“…the state government will reduce the state tax on the price of petrol and diesel 2.41 more 1.36 per liter respectively,” he said.
What will be the cost of petrol and diesel now?
Under pressure, the government on Saturday cut the excise duty on petrol by a record 8 per liter and that on diesel 6 per liter to give relief to consumers battling high fuel prices, which have pushed inflation to record highs.
Excise duty cut will translate into shortfall 9.5 liters on petrol and Considering its impact on other duties, diesel has been hiked by Rs 7 per litre.
Along with cutting excise duty on fuel rates, the Center also announced a subsidy on it. gas cylinder,
Reduction in fuel prices to give relief to citizens: PM Modi
Prime Minister Narendra Modi on Saturday said the Centre’s decisions, especially those relating to a significant drop in petrol and diesel prices, will have a positive impact on various sectors, providing relief to citizens and advancing ‘ease of living’.
PM Modi in a tweet said, “Always for us people are first! Today’s decision, especially related to the significant drop in petrol and diesel prices will have a positive impact on various sectors, will bring relief to our citizens and ‘ease off’. Living’ will also happen.” ,
He said, “Ujjwala scheme has helped crores of Indians, especially women. Today’s decision on Ujjwala subsidy will greatly ease the family budget.”
(with inputs from agencies)