119 views 30 secs 0 Comment

Centre’s revenue from TN petrol sales has enhanced after state reduced rate, PTR Thiagarajan

Chennai, August 19 (BPNS)

Tamil Nadu finance minister PTR Thiagarajan has said that Prime Minister Narendra Modi must thank the Tamil Nadu government and Chief Minister Stalin for increasing the revenue of the central government by Rs 3.55 crore as the state has reduced the petrol price by Rs 3 per litre.

The minister was speaking in the assembly on the discussion in the revised budget of 2021-22.

Quoting statistics from the petroleum companies, the minister said that in the period from August 1 to August 13, the average sale of petrol was 91,88,000 litres per day. He said that after the reduction of petrol price the sale touched to 1,03,17,000 litres per day.

The  TN finance minister said that these figures states that on average the sale has increased by 11.29 lakh litres or 12% from August 14.

PTR Thiagarajan said that this increased the coffers of the Central government by 3.55 crore per day.  However, the minister said that he was not sure whether the trend would continue.

The minister also said that if this trend continued, the Union government would get a revenue of Rs 1200 crore annually.