Petrol-Diesel Prices
Centre announces reducing excise duty on petrol by Rs. 8 per litre, diesel by Rs. 6
New Delhi: The Centre on Saturday announced its decision to slash central excise duty on petrol by Rs. 8 per litre and on diesel by Rs. 6 per litre.
Announcing her decision, Union Finance Minister Nirmala Sitharamanm tweeted: "We are reducing the Central excise duty on Petrol by ₹ 8 per litre and on Diesel by ₹ 6 per litre."
"This will reduce the price of petrol by ₹ 9.5 per litre and of Diesel by ₹ 7 per litre," she said.
"It will have revenue implication of around ₹ 1 lakh crore/year for the government," the Minister said.
7/12 We are reducing the Central excise duty on Petrol by ₹ 8 per litre and on Diesel by ₹ 6 per litre.
— Nirmala Sitharaman (@nsitharaman) May 21, 2022
This will reduce the price of petrol by ₹ 9.5 per litre and of Diesel by ₹ 7 per litre.
It will have revenue implication of around ₹ 1 lakh crore/year for the government.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
