New Delhi [India]: In a relief to consumers on the eve of Diwali, the central government on Wednesday announced a reduction in excise duty on petrol and diesel.
The excise duty on petrol will be reduced by Rs 5 and that on diesel by Rs 10 and new rates will come into effect from tomorrow. Government sources said that the reduction in excise duty on diesel will be double that of petrol and will come as a boost to the farmers during the upcoming Rabi season.
They said that states have also been urged to reduce VAT on petrol and diesel to give relief to consumers
Must Read
- Telangana govt should reduce VAT on fuel after Centre's…
- Petrol, diesel prices hiked for fifth consecutive day
- Petrol, diesel prices hiked for sixth consecutive day
- Petrol, Diesel prices rise for 7th day
- Petrol, diesel prices see hike across metros
- Petrol, diesel prices rise again
- Petrol, diesel get price hikes for second consecutive day
- Petrol, Diesel price hiked in Delhi
- Arunachal CM Pema Khandu announces VAT reduction on petrol,…
- SAD chief, leaders, workers protest outside Punjab CM's…