Srinagar Nov 4: The J&K government has decided to reduce petrol price by Rs 12 per litre and diesel price by Rs 17 a litre following reduction of excise duty on the fuels by the Centre.
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”.