Kerala: Prices of petrol, diesel to be reduced by Rs 1 from Friday

The Kerala government on Wednesday announced a Re 1 per reduction per litre in the price of petrol and diesel from Friday.

The Kerala government on Wednesday announced a Re 1 per reduction per litre in the price of petrol and diesel from Friday. Photo: PTI (File)

NEW DELHI: The Kerala government on Wednesday announced a Re 1 per reduction per litre in the price of petrol and diesel from Friday, in a bid to bring some relief to the people hit by rising fuel costs. With this decision, Kerala became the first state to announce a cut in petrol, diesel prices, amid soaring fuel rates. A decision in this regard was taken at the state cabinet on Wednesday. "The state government has decided to forego Re 1 from its tax portion and as a result, the loss to the exchequer would be Rs 509 crore in a year," Chief Minister Pinarayi Vijayan told the media. "We wish to send a message to the Centre that despite pleas from several quarters, it is not doing anything to bring some relief to the people. The price of fuel products is rising when international prices are falling. We did this because we wish to show our intent," he added. The petrol price in the state today was Rs 82 per litre, while for diesel it was Rs 75, he said. (With inputs from agencies)