States can cut petrol rate by Rs 2.65/L: Report

"Given that these revenue if foregone will not impact states fiscal position, we estimate that on an average, states can cut petrol prices by Rs 2.65/litre and diesel by Rs 2/litre, if the entire revenue gain was to be neutralised. This is the most plausible scenario under the current circumstances," the report said.

from Times of India https://ift.tt/2GW70Y0