Government cuts excise duty on petrol and diesel by ₹10
after close1 source ↓written by the desknot a recommendation
- each for domestic
- ₹10 per litre
- are set
- ₹21.5 per litre
- to ensure domestic
- ₹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 protect consumers amid the West Asia crisis, as stated by Union Finance Minister Nirmala Sitharaman.
Additionally, duties on diesel exports are set at ₹21.5 per litre, and on Aviation Turbine Fuel at ₹29.5 per litre to ensure domestic availability. This move may stabilize fuel prices and impact related sectors.
Not investment advice. For informational purposes only.