Tripura reduces petrol, diesel price by Rs 7, new rates effective from Thursday

Tripura Chief Minister Biplab Kumar Deb on Wednesday announced that petrol and diesel prices in the state will be reduced by Rs 7 effective from November 4 (Thursday)

Tripura Government has also decided to reduce petrol & diesel cost by ₹ 7 from today.

After central and state governments deduction in fuel prices, petrol and diesel will be cheaper by ₹12 and ₹17 respectively in Tripura from today.

The Central Government has reduced the Excise Duty on Petrol & Diesel by Rs.5 & Rs.10 respectively.

State Government has taken a decision to follow up with the Central Government’s decision to give relief to people, by further reducing prices of Petrol & Diesel by Rs.7 per litre in each case. For this purpose the State Government has reduced the tax rate on Petrol & Diesel by 7.5% and 6.5% respectively w.e.f. 4th November, 2021.

The existing rate of tax on Petrol & Diesel is 25% & 16.5% respectively.. After reduction the tax rate of the same stands at 17.5% & 10% respectively.

Simultaneous reduction of Excise Duty by Central Government and tax by State Government on Petrol & Diesel has reduced the Retail Sale Price (RSP) to Rs.98.33 for Petrol and Rs.85.65 for Diesel.

The Annual anticipated loss of revenue is Rs.69.04 crores for Petrol & Diesel and for remaining portion of the financial year 2021-22 (November, 2021 to March, 2022) the loss is Rs.28.75 crores. Rate reduction by the State Government is a great relief to the people of the State. This is a Diwali Gift to the People of Tripura.

In his tweet Chief Minister Biplab Kumar Deb wrote Following Hon’ble PM Shri Narendra Modi Ji led central govt’s decision on reduction of excise duty on petrol & diesel.
#Tripura govt has also decided to reduce petrol & diesel cost by ₹ 7 from tomorrow.
After central and state governments deduction in fuel prices, petrol and diesel will be cheaper by ₹12 and ₹17 respectively in #Tripura from tomorrow.
A happier#Diwali for the 37 lakh people of #Tripura.

On eve of Diwali, Government of India earlier announces excise duty reduction on petrol and diesel.

Excise duty on petrol and diesel to be reduced by Rs 5 and Rs 10 respectively from today.

Now Tripura Government has also decided to reduce petrol & diesel cost by ₹ 7 from today.

After central and state governments deduction in fuel prices, petrol and diesel will be cheaper by ₹12 and ₹17 respectively in Tripura from today.