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, announced by Union Finance Minister Nirmala Sitharaman, aims to protect consumers from rising prices amid the West Asia crisis.
Additionally, export duties of ₹21.5 per litre on diesel and ₹29.5 per litre on Aviation Turbine Fuel have been imposed to ensure domestic availability. This move may positively impact consumer sentiment and fuel-related sectors.
Not investment advice. For informational purposes only.