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
- to ensure domestic
- ₹21.5 per litre
The Central government has reduced the central excise duty on petrol and diesel by ₹10 per litre each for domestic consumption. This decision aims to shield consumers from rising prices amid the West Asia crisis. Additionally, duties on diesel exports are set at ₹21.5 per litre to ensure domestic availability.
This move may stabilize fuel prices and positively impact consumer sentiment in the energy sector ⚡.
Not investment advice. For informational purposes only.