Petrol price cut by Rs 25/Litre in THIS STATE. Big benefit to 2-wheeler owners

Jharkhand Chief Minister Hemant Soren has announced a massive cut of Rs 25 per litre on petrol. The benefit will only be extended to two-wheeler owners.

"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.

The cut in petrol prices will be in place from January 26 in state, the chief minister announced during a rally in the state.

Centre and State governments charge tax on petrol prices.

In November, the Centre had allowed major tax cut throughout India, in a bid to extend relief to the common man. The cuts in prices were followed by many states too, especially the ones ruled by the BJP.

The centre had cut excise duty on petrol by ₹ 5 per litre and that on diesel by ₹ 10 a litre. This announcement was matched by 22 states and Union Territories cutting Value-Added Tax rates in different proportions.

This had led to BJP and its partner ruled states witnessing steeper reductions in petrol and diesel prices in comparison to Maharashtra, Delhi, West Bengal and other states that are governed by other political parties, according to a price chart of different locations prepared by state-owned oil firms.