{"id":11388,"date":"2024-06-14T15:01:07","date_gmt":"2024-06-14T15:01:07","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=11388"},"modified":"2024-06-14T15:01:07","modified_gmt":"2024-06-14T15:01:07","slug":"first-state-to-cut-petrol-price-tamil-nadu","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/first-state-to-cut-petrol-price-tamil-nadu\/","title":{"rendered":"First State to Cut Petrol Price – Tamil Nadu"},"content":{"rendered":"

Nadu has grown to be the first nation in India to reduce the petrol price in the fiscal year 2021-22 by means of Rs 3\/litre, supplying a major relief to consumers.<\/mark><\/p>\n

The rate reduction was introduced by State Finance Minister Palanivel Thiagarajan in the course of his budget speech on August thirteen and it came into effect on August 14.<\/mark><\/p>\n

It is expected to cause an income loss of 1,160 crores for the nation exchequer.<\/mark><\/p>\n

Diesel and petrol costs in India have hit file highs. The government CITES<\/a> the price upward push in international crude oil by using extra than 50 per cent as the purpose for growing expenditures in India.<\/mark><\/p>\n

In India, the retail petrol and diesel costs are decontrolled and are linked to international crude oil prices. Thus, if crude expenditures decrease, retail expenses limit too and vice versa.<\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"

Nadu has grown to be the first nation in India to reduce the petrol price in the fiscal year 2021-22 by means of Rs 3\/litre, supplying a major relief to consumers. The rate reduction was introduced by State Finance Minister Palanivel Thiagarajan in the course of his budget speech on August thirteen and it came … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1100],"tags":[919],"class_list":["post-11388","post","type-post","status-publish","format-standard","hentry","category-tamilnadu","tag-20-08-21"],"yoast_head":"\nFirst State to Cut Petrol Price - Tamil Nadu - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/first-state-to-cut-petrol-price-tamil-nadu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First State to Cut Petrol Price - Tamil Nadu\" \/>\n<meta property=\"og:description\" content=\"Nadu has grown to be the first nation in India to reduce the petrol price in the fiscal year 2021-22 by means of Rs 3\/litre, supplying a major relief to consumers. The rate reduction was introduced by State Finance Minister Palanivel Thiagarajan in the course of his budget speech on August thirteen and it came ... 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