Tamil Nadu Finance Minister Palanivel Thiagarajan, while presenting the state budget today, said petrol price has been cut by 3 rupees
In a big relief for people in Tamil Nadu, the state government today said it would reduce petrol price by 3 rupees per litre. Tamil Nadu Finance Minister Palanivel Thiagarajan, while presenting the state budget today, said petrol price has been cut by 3 rupees and because of this, the state will incur a cost of Rs 1,160 crore a year.
“2.6 core people in Tamil Nadu use two-wheelers. We have reduced 3 rupees in petrol price, and due to this we will face a Rs 1,160 crore deficit,” Mr Thiagarajan said, according to news agency ANI.
This was the first budget presented by the DMK government of Chief Minister MK Stalin after the party won the assembly election in April this year.
Also read: How Much Money Does Centre Collect Through Fuel Tax and Where Is It Used?
Fuel prices have been rising across the country and have breached the Rs 100 mark in several states. Fuel prices are different from state to state in the country, depending on the inclusion of local taxes such as value-added tax (VAT) and freight charges.
Opposition parties including the Congress have been criticising increased fuel prices. Congress leader Priyanka Gandhi Vadra in June said the government was making taxes on petrol and diesel a means to “loot” people.
“Despite crude oil prices reaching $19 per barrel in the international market in April 2020, the central government did not allow its benefits to reach the people of the country but continued to fill their pockets and those of companies,” Ms Gandhi said.
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