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Kerala petrol price: Kerala government to cut petrol, diesel prices by Re 1

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NEW DELHI: Amid the furore on high fuel prices, the state government of Kerala has decided to cut petrol and diesel prices by Re 1 per litre, news agency ANI reprted on Wednesday quoting the state’s Chief Minister Pinarayi Vijayan.

The relief for consumers will come into effect from June 1, ANI added.

Various state governments impose Value Added Tax (VAT) on petrol and diesel besides the excise duty levied on them by the central government.

Earlier in the day, an error in the official website of Indian Oil Corporation (IOCL), the country’s largest fuel retailer, resulted in an embarrassment of sorts. Petrol and diesel prices were cut by 1 paisa per litre in the national capital of Delhi after the prices went up for 16 straight days.

Read here: Indian Oil faux pas: Petrol, diesel prices cut by 1 paisa, not 60 paise

However, IOC’s website in the morning notified that petrol and diesel prices have been cut by 60 paise and 56 paise respectively. Later, the error was fixed.

Updated: May 30, 2018 — 9:46 am

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