Fuel prices slashed: Several BJP states announce additional cut

Image
ANI New Delhi [India]
Last Updated : Oct 04 2018 | 9:45 PM IST

Soon after the central government announced a cut of Rs 2.50 per litre in fuel prices on Thursday, several BJP-ruled states including Chhattisgarh, Tripura and Gujarat decided to give an additional concession of Rs 2.50 in the prices of petrol and diesel.

Earlier on Thursday, Union Finance Minister Arun Jaitley announced a cut of Rs 2.50 per litre on both petrol and diesel prices and directed the state governments to implement the same. "Excise duty to be reduced by Rs 1.50 and Oil Marketing Companies will absorb one rupee. So, a total of Rs.2.50 will be reduced on both diesel and petrol," Jaitley said.

After this announcement, Gujarat, Chhattisgarh, Madhya Pradesh, Uttar Pradesh and Tripura governments implemented the direction and also decided to give an additional relief of Rs. 2.50 per litre on petrol and diesel, making the fuels cheaper by five rupees each in the states.

Meanwhile, the Maharashtra Government also decided to give an additional concession of Rs 2.50 per litre on petrol. Top sources told ANI that the reduction in prices of diesel is also under consideration in the state.

Jharkhand Chief Minister Raghubar Das also eased the load of people's pocket by saying that another Rs 2.50 per litre relief cut on diesel in the state.

Meanwhile, Union Minister Dharmendra Pradhan demanded the Odisha government to announce a supplementary relief on petrol and diesel prices. "Central government has reduced Rs 2.50 on petrol and diesel, I request Odisha Chief Minister Naveen Patnaik to reduce Rs 2.50 more as other states did," Pradhan said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 04 2018 | 9:45 PM IST

Next Story