Nod To Petrol Subsidy For Two-wheelers, Auto News, ET Auto

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 The cabinet approved INR 100.39 crore from exigency fund for rolling out the scheme in 2021-22 fiscal.
The cabinet approved INR 100.39 crore from exigency fund for rolling out the scheme in 2021-22 fiscal.

Ranchi: The Hemant Soren cabinet on Wednesday formally approved petrol subsidy scheme for ration card holders who own two-wheelers, covered under National Food Security Act or state scheme, which is set to be formally rolled out from Dumka on Republic Day.

The cabinet approved INR 100.39 crore from exigency fund for rolling out the scheme in 2021-22 fiscal while the government has estimated financial burden of INR 901.86 crore annually. Chief minister Soren had announced to provide INR 25 as petrol subsidy on up to 10 litres per month for ration card holders who own two-wheelers, registered in the state.

Later in the day, Soren along with the state food and civil supplies department minister Rameshwar Oraon also launched CM Supports App and a web portal (http://jsfss.jharkhand.gov.in) where BPL card holders can start registration for seeking the subsidy which will be credited directly to the bank account after verification by district transport officers (DTOs).

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The Centre had on November 3 cut excise duty on petrol and diesel by a record INR 5 and INR 10 per litre to help bring down rates from their highest-ever levels. It had become effective from November 4. This was the highest-ever reduction in excise duty and rolled back a part of the INR 13 and INR 16 per litre increase in taxes on petrol and diesel effected between March 2020 and May 2020 to avoid passing the high rates to consumers despite the the sharp fall in international oil prices.

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