Jharkhand Chief Minister Hemant Soren on December 29 announced a cut in petrol prices by Rs 25 per litre. However, the CM has also announced that the benefit will only be extended to two-wheeler owners who are more affected by the rising fuel prices.
“Petrol-diesel prices are rising constantly. The poor and middle class are most affected due to this. This is why the state government has decided to cut prices by Rs 25/ltr for two-wheelers,” Soren said while addressing a rally in the state.
The Jharkhand CM said the reduced prices will be effective from January 26 in the state.
Until Wednesday, the price of petrol in the state was Rs 98.6 per litre. Considering that the price remains the same till January 26, the two-wheeler owners could buy fuel at about Rs 73.6 per litre.
The cut in fuel prices in Jharkhand has come after the Union government cut down the excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively, in the month of November this year