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J&K reduces petrol and diesel price by Rs 7 as a Diwali gift

Last Updated on November 4, 2021 at 10:22 pm

In a decision that will directly impact the consumers in Jammu and Kashmir, the administration has decided to reduce the petrol and diesel price by Rs 7.

This will make the price of petrol cheaper by Rs 12 and diesel by Rs 17 in a single go as the central government has already reduced central excise duty.

Lt Governor of J&K, Manoj Sinha tweeted, “Hon’ble PM @narendramodi Ji has given a great Deepawali gift by announcing reduction in excise duty on Petrol&Diesel. In addition,J&K admin has decided to reduce additional Rs.7 on Petrol&Diesel,thereby reducing Petrol price by Rs.12/litre &Diesel by Rs.17/litre in UT from today”.

A notification issued in this regard said, “In exercise of the powers conferred by Section 3 and 3A of the Jammu and Kashmir Motor Spirit and Diesel oil (Taxation of Sales) Act, Samvat 2005 and in supersession of all the previous notifications on the subject, the government hereby direct that tax and cess on sale of Motor Spirit (petrol) and Diesel oil shall be levied at the rate as shown against each in column 3 and 4 of the table given below”: