NEW DELHI: Soon after finance minister Arun Jaitley announced a cut of Rs 2.50 per litre+ in fuel prices, some of the NDA-ruled states followed suit. As many as 11 states announced to match the Centre's cut as a result of which the consumers in these states would get a relief of Rs 5 per litre on fuel prices.

The reduced rates will be effective from midnight tonight.

Maharashtra and Gujarat governments were among the first to announce a matching Rs 2.50 cut. Later Chhattisgarh, Jharkhand, Tripura, Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Haryana, Assam and Uttarakhand also announced a similar move.

Apart from these states, Jammu and Kashmir also reduced the fuel rates. At present, the state is under governor's rule.

Maharashtra chief minister Devendra Fadnavis tweeted, "Maharashtra Government also decided to give additional relief of Rs 2.5/litre on petrol to give total benefit of Rs 5/litre in the State of Maharashtra."

Gujarat chief minister Vijay Rupani also took to Twitter to announce the cut in prices. "Finance Minister Sh @arunjaitley Ji has announced Rs 2.5 cuts in petrol & diesel prices, reciprocating positively to FM’s announcement, the Govt Of Gujarat has also decided to reduce Rs 2.50 on both petrol & diesel. Thus petrol & diesel wd be Rs. 5 cheaper in the State of Gujarat", he tweeted.

Earlier, announcing the Centre's cut in fuel prices, Jaitley had said that the central government will be writing to all state governments to reduce petrol and diesel prices by a further Rs 2.50 by cutting sales tax or value added tax (VAT).

courtesy : timesofindia.indiatimes.com

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Washington (PTI): US President Donald Trump on Wednesday threatened Iran with more bombing if it doesn't reopen the Strait of Hormuz, amid a report that the warring sides were nearing an agreement to end the war.

US media outlet Axios reported, quoting US officials and two other sources, that the US and Iran were getting close to a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations.

The US expects Iranian responses on several key points over the next 48 hours, Axios reported, adding that nothing has been agreed yet. This was the closest the parties had been to an agreement since the war began.

"Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran," Trump said in a post on Truth Social.

"If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before," Trump said.

According to Axios, the deal would involve Iran committing to a moratorium on nuclear enrichment, the US agreeing to lift its sanctions and release billions in frozen Iranian funds, and both sides lifting restrictions around transit through the Strait of Hormuz.

It said many of the terms laid out in the memo would be contingent on a final agreement being reached, leaving the possibility of renewed war or an extended limbo in which the hot war has stopped, but nothing is truly resolved.