Quick Summary
Government announces Excise Duty reduction on Petrol and Diesel on the eve of Diwali Excise duty on Petrol and Diesel to be reduced by Rs. 5 and Rs. 10 respectively from tomorrow Prices of Petrol and Diesel will come down accordingly Reduction in excise duty on diesel will be double that of petrol and will come as a boost to the farmers during the upcoming Rabi season States urged to reduce VAT on Petrol Diesel to give relief to consumers Government of India has taken a significa
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FAQ :
The excise duty on petrol has been reduced by Rs. 5 per litre, and on diesel by Rs. 10 per litre.
The reduced prices will be effective from tomorrow.
The substantial reduction in excise duty on diesel is expected to boost farmers during the upcoming Rabi season.
The reduction aims to provide relief to consumers, boost consumption, keep inflation low, and give a further fillip to the economy, especially considering the recent global upsurge in crude oil prices.
The government has urged states to commensurately reduce VAT on petrol and diesel to provide further relief to consumers.
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