CHENNAI: Finance Minister Nirmala Sitharaman on Saturday announced a reduction of taxes on petrol and diesel to fight inflation and keep prices of essential items in check. The excise duty on petrol was reduced by 8 rupees ($0.1028) per litre, and for diesel by 6 rupees per litre.
In Chennai, petrol price will cost ₹ 101.35 a litre from tomorrow for today's price at ₹ 110.85. Diesel ₹ 93.94 a litre for today's price ₹ 100.94.
Prices for petrol and diesel are updated at 6 am every day. The changes of the new prices will come into effect from 6 am on Sunday.
"We are reducing the Central excise duty on Petrol by Rs 8 per litre and on Diesel by Rs 6 per litre. This will reduce the price of petrol by Rs 9.5 per litre and of Diesel by Rs 7 per litre. It will have revenue implication of around Rs 1 lakh crore/year for the government," Sitharaman said.
"It is always people first for us! Today's decisions, especially the one relating to a significant drop in petrol and diesel prices will positively impact various sectors, provide relief to our citizens and further 'Ease of Living'," PM Modi said in a tweet.
Check today's fuel rates across other metro cities:
Chennai: Rs 110.85 per litre for petrol and diesel stand at Rs 100.94.
New Delhi: Rs 105.41 per litre for petrol and diesel at Rs 96.67.
Mumbai City: Rs 120.51 per litre for petrol and diesel at Rs 104.77.
Kolkata: Rs. 115.12 per litre for petrol and diesel at Rs 99.83.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android