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Centre slashes excise duty on petrol, diesel by Rs 2 per litre

“The Centre Has Reduced Basic Excise Duty Rate By Rs 2 Per Litre On Petrol & Diesel (both Branded & Unbranded),' The Finance Ministry Said In A Tweet.

News Nation Bureau | Edited By : Vikas Mehta | Updated on: 03 Oct 2017, 08:18:23 PM
Centre slashes excise duty on petrol, diesel prices by Rs 2 per litre

New Delhi:

The Centre has slashed basic excise duty rate on Petrol and Diesel prices by Rs 2 per litre. The new rates will come into effect on Wednesday.

“The Centre has reduced basic excise duty rate by Rs 2 per litre on petrol & diesel (both branded & unbranded),” the finance ministry said in a tweet.

It further said,” This has been done to cushion the impact of rising international prices of crude petroleum oil and petrol and diesel on their Retail Sale Prices.”

In another tweet, the ministry added,” This decision has also been taken by the Government of India in order to protect the interest of common man.”

 Union Petroleum minister Dharmendra Pradhan had announced that prices of fuel may come down by Diwali. 

Also Read: Petrol, diesel will be delivered at doorstep via e-commerce, says Petroleum Minister Dharmendra Pradhan

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First Published : 03 Oct 2017, 08:02:36 PM

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