Petrol, diesel prices to reduce as Centre cuts excise duty

According to Finance Minister Sitharaman, this will lower the price of fuel by Rs 9.5 a litre and diesel by Rs 7

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Petrol - Diesel - Fuel

NEW DELHI — The government has agreed to decrease the Central excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre, according to Finance Minister Nirmala Sitharaman.

According to the Finance Minister’s tweet, this will lower the price of fuel by Rs 9.5 a litre and diesel by Rs 7.

“I wish to exhort all state governments, especially the states where reduction wasn’t done during the last round (November 2021), to also implement a similar cut and give relief to the common man,” added Sitharaman in another tweet.

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It is in place to mention here that the Bharatiya Janata Party (BJP) led Central government has come under sharp criticism from the Opposition for rising inflation in the country.

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