Petrol Price Cut By Rs 3 In Tamil Nadu At Cost Of Rs 1,160 Crore To State

In a big relief for people in Tamil Nadu, the state government today said it would reduce petrol price by Rs 3 per litre. Tamil Nadu Finance Minister Palanivel Thiagarajan, while presenting the state budget today, said petrol price has been cut by Rs 3 and because of this, the state will incur a cost of Rs 1,160 crore a year. "2.6 core people in Tamil Nadu use two-wheelers. We have reduced Rs 3 in petrol price, and due to this we will face a Rs 1,160 crore deficit," Mr Thiagarajan said, according to news agency ANI.

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