BIG RESPITE! Petrol prices slashed by Rs 3 per litre in THIS state, govt to bear deficit of Rs 1,160 cr
Tamil Nadu Finance Minister Palanivel Thiagarajan while presenting the budget on Friday said that the petrol prices have been slashed by Rs 3 and because of this, the state government will face a deficit of Rs 1,160 crores in a year.
![BIG RESPITE! Petrol prices slashed by Rs 3 per litre in THIS state, govt to bear deficit of Rs 1,160 cr BIG RESPITE! Petrol prices slashed by Rs 3 per litre in THIS state, govt to bear deficit of Rs 1,160 cr](https://cdn.zeebiz.com/ads/placeholder_image-zeebiz.jpg)
Giving a major relief to the working-class in the State, the Tamil Nadu government on Friday, August 13 announced to reduce the price of petrol by Rs 3 per litre.
Tamil Nadu Finance Minister Palanivel Thiagarajan while presenting the budget on Friday said that the petrol prices have been slashed by Rs 3 and because of this, the state government will face a deficit of Rs 1,160 crores in a year.
See Zee Business Live TV Streaming Below:
"Tami Nadu has 2.6 crores of people who use two-wheelers. The state government reduces the price of petrol by Rs 3 per litre. Due to this, the state government will face a deficit of Rs 1,160 crores: Tamil Nadu Finance Minister P Thiaga Rajan, in State Assembly," ANI tweeted.
Tami Nadu has 2.6 crores of people who use two-wheelers. The state government reduces the price of petrol by Rs 3 per litre. Due to this, the state government will face a deficit of Rs 1,160 crores: Tamil Nadu Finance Minister P Thiaga Rajan, in State Assembly
— ANI (@ANI) August 13, 2021
According to the revised budget estimates 2021-2022, the state government has decided to reduce the effective rate of tax on petrol by Rs 3 per litre and thereby provide major relief to the toiling working-class people in the State. This measure will result in a loss of revenue of Rs 1,160 crore a year, as per a report by ANI.
The Dravida Munnetra Kazhagam (DMK) government had presented its first budget after coming to power, months after it swept the April 6 Assembly elections.
The fuel prices have been increasing continuously across the country and have crossed Rs 100 in many states.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-kisan-vikas-patra-monthly-income-scheme-recurring-deposit-public-provident-fund-national-savings-certificate-ssy-features-interest-rate-post-office-investment-schemes-for-general-and-senior-citizens-347531](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353527-your-paragraph-text-17.jpg?itok=AwJK0DKA)
Post Office Guaranteed Return Schemes: PPF, SCSS, NSC, and 5 other financial schemes that provide up to 8.2% interest rate
![https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-sip-mutual-fund-retirement-corpus-planning-calculator-how-many-years-it-will-take-to-reach-inr-rs-80000000-with-7000-11000-and-16000-monthly-investment-market-linked-return-346156](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/11/352047-poc-cover-2.jpg?itok=Fa26qSfi)
Power of Compounding: How long it will take to build Rs 8 crore corpus with Rs 7,000, Rs 11,000 and Rs 16,000 monthly investments
![https://www.zeebiz.com/personal-finance/photo-gallery-7th-pay-commission-monthly-salary-calculator-is-your-basic-salary-inr-rs-24500-53000-81100-know-your-total-salary-8th-matrix-salary-scale-band-grade-dearness-allowance-travel-hra-house-rent-347484](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353484-7th-pay-commission-salary-calculator.jpg?itok=exBYKLyX)
Monthly Salary Calculations: Is your basic salary Rs 24,500, Rs 53,000, or Rs 81,100? Know how much total salary central government employees may get
![https://www.zeebiz.com/personal-finance/photo-gallery-new-income-tax-bill-regime-slabs-old-existing-proposed-revised-calculator-what-will-be-your-tax-on-annual-income-salary-of-inr-rs-800000-1400000-2000000-2600000-nirmala-sitharaman-budget-2025-346889](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/13/352870-top7-hybrid-funds-in-10-years-1.jpg?itok=UqwoA5Li)
Income Tax Calculations: What will be your tax liability if your salary is Rs 8 lakh, Rs 14 lakh, Rs 20 lakh, and Rs 26 lakh?
![https://www.zeebiz.com/personal-finance/photo-gallery-top-7-large-and-mid-cap-sip-mutual-funds-with-best-cagr-return-by-one-time-investment-5-years-calculator-rs-15-lakh-investment-in-no-1-scheme-is-worth-446-lakh-nifty-bse-hdfc-uti-icici-quant-motilal-347423](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353453-top-7-large-and-mid-cap-mutual-funds-in-5-years.jpg?itok=HVXazooH)
Top 7 Large and Mid Cap Mutual With Best Returns in 5 Years: Rs 1.5 lakh one-time investment in No. 1 scheme has sprung to Rs 4.46 lakh
![https://www.zeebiz.com/personal-finance/photo-gallery-employees-pension-calculation-what-will-be-your-monthly-pension-with-rs-35000-salary-25-years-of-service-age-33-retirement-corpus-epf-eligibility-benefits-income-formula-347502](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353507-eps-1.jpg?itok=QiOr5Wja)
EPS Pension Calculation: Estimate your monthly pension with Rs 35,000 salary, 25 years of service & age 33
![https://www.zeebiz.com/personal-finance/photo-gallery-retirement-corpus-mutual-fund-lump-sip-one-time-investment-planning-calculator-calculations-how-inr-rs-1000000-deposit-can-create-rs-30000000-fund-in-30-years-power-of-compounding-347205](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/14/353193-salary-da-calculator.jpg?itok=-EhQme5U)
Retirement Planning: How one-time investment of Rs 10,00,000 can create Rs 3,00,00,000 retirement corpus
03:57 PM IST