Government cuts excise duty on petrol and diesel by ₹10
pre-market1 source ↓written by the desknot a recommendation
- each for domestic
- ₹10 per litre
- on diesel
- ₹21.5 per litre
- on Aviation Turbine
- ₹29.5 per litre
The Central government has reduced the excise duty on petrol and diesel by ₹10 per litre each for domestic consumption. This decision aims to shield consumers from potential price hikes amid the West Asia crisis. Additionally, export duties of ₹21.5 per litre on diesel and ₹29.5 per litre on Aviation Turbine Fuel will ensure domestic availability.
This move may stabilize fuel prices and positively impact sectors reliant on transportation costs, potentially boosting market sentiment.
Not investment advice. For informational purposes only.