Centre announces massive cuts on petrol, diesel excise duty on Diwali eve
3 years, 1 month ago

Centre announces massive cuts on petrol, diesel excise duty on Diwali eve

Hindustan Times  

In a move to provide a fillip to the economy, the Central government has taken a decision to make significant cuts in excise duty on petrol and diesel starting tomorrow. On the eve of Diwali, the government decided to reduce the central excise duty of ₹5 on petrol and ₹10 on diesel, according to people familiar with the matter. “Today’s decision is expected to further spur the overall economic cycle,” the government said in a statement, urging states to reduce VAT on petrol and diesel to give relief to consumers. It said that the decision to reduce the excise duty on petrol and diesel will come as a “boost to the farmers during the upcoming Rabi season”.

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History of this topic

Monsoon dampens Centre’s excise kitty as diesel consumption falls
1 month, 2 weeks ago

Monsoon dampens Centre’s excise kitty as diesel consumption falls

Live Mint  

New Delhi: The government's excise duty collection in the first half of the financial year showed positive growth but failed to keep pace with the 5% target set for the whole year, mainly due to muted diesel consumption, showed official data. Diesel consumption in the six months to September showed less than 1% volume growth in the wake of heavy …

Petrol and diesel prices reduced by ₹2 per litre ahead of Lok Sabha elections
9 months, 1 week ago

Petrol and diesel prices reduced by ₹2 per litre ahead of Lok Sabha elections

Hindustan Times  

Petrol and diesel prices are being reduced by ₹2 per litre, Union petroleum minister Hardeep Singh Puri announced on Thursday. “By slashing petrol and diesel prices by ₹2, prime minister Narendra Modi has once again shown that providing welfare and convenience to his family of crores of Indians, has always been his goal,” Puri wrote in a post on X. …

Govt Defers Additional Rs 2 Excise Duty On Petrol, Diesel; FinMin Issues Notification
2 years, 2 months ago

Govt Defers Additional Rs 2 Excise Duty On Petrol, Diesel; FinMin Issues Notification

News 18  

The government has delayed the levy of a Rs 2 excise duty on unblended petrol by one month to November 1, and on unblended diesel by 6 months to April 1 next year, according to a notification by the finance ministry. According to the Gazette notification issued late on Friday, the finance ministry said “petrol which is intended for retail …

Government defers plan to impose excise duty on unblended petrol and diesel
2 years, 2 months ago

Government defers plan to impose excise duty on unblended petrol and diesel

The Hindu  

The government has deferred the plan announced in the Union Budget to impose an excise duty of ₹2 on unblended petrol and diesel from October 1, 2022. To encourage the efforts for blending of fuel, unblended fuel shall attract an additional differential excise duty of ₹2 per litre from the 1st day of October 2022," Ms. Sitharaman had stated in …

Maharashtra to cut petrol prices by ₹5/ litre and diesel prices by ₹3/litre
2 years, 5 months ago

Maharashtra to cut petrol prices by ₹5/ litre and diesel prices by ₹3/litre

Hindustan Times  

Maharashtra chief minister Eknath Shinde on Thursday announced that the state government had decided to cut value added tax on petrol prices by ₹5 per litre and diesel by ₹3 per litre. Happy to announce that new Government under CM Eknathrao Shinde has decided to reduce Petrol & Diesel prices by ₹5/litre & ₹3/litre respectively,” Fadnavis later tweeted. “A decision …

Petrol & diesel to get cheaper in Maharashtra: CM Eknath Shinde in Assembly
2 years, 5 months ago

Petrol & diesel to get cheaper in Maharashtra: CM Eknath Shinde in Assembly

Hindustan Times  

Hours after establishing a majority in the floor test, Maharashtra chief minister Eknath Shinde on Monday announced relief in petrol and diesel prices in the coming days. Maharashtra Chief Minister Eknath Shinde speaks during a special session of the State Legislative Assembly. “A decision to reduce VAT on fuel will be taken soon to provide relief to the people of …

Petrol, Diesel Prices Drop Steeply After Centre Cuts Excise Duty; See Fuel Prices Today
2 years, 6 months ago

Petrol, Diesel Prices Drop Steeply After Centre Cuts Excise Duty; See Fuel Prices Today

News 18  

Petrol, Diesel Price Cut: Petrol price on Sunday, June 5, remained constant for two weeks while diesel price on the day also remained unchanged. Finance minister Nirmala Sitharaman had announced an excise duty cut on petrol and diesel by a record Rs 8 per litre and on diesel by Rs 6 per litre respectively last month as fuel rates hit …

Petrol, Diesel Become Cheaper Post Excise Duty Cut; Check City-wise Fuel Rates Today
2 years, 6 months ago

Petrol, Diesel Become Cheaper Post Excise Duty Cut; Check City-wise Fuel Rates Today

News 18  

Petrol, Diesel Prices on June 1: The prices of petrol and diesel were kept unchanged by the OMCs for the tenth day running on Wednesday. The sharp fall in prices was seen after, finance minister Nirmala Sitharaman had announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel earlier this month. …

Petrol, Diesel Prices Drop in Delhi, Mumbai Post Excise Duty Cut; Check Rates In Your City Today
2 years, 6 months ago

Petrol, Diesel Prices Drop in Delhi, Mumbai Post Excise Duty Cut; Check Rates In Your City Today

News 18  

Petrol, Diesel Prices Monday: Oil marketing companies have kept the prices of petrol and diesel unchanged on Monday, May 30, 2022. In Kolkata, the petrol price has been reduced to Rs 106.03 per litre after the excise duty cut, while the price of diesel now stands at Rs 92.76 per litre. The central government on May 21 cut excise duty …

Fuel Prices Drop After Excise Duty Cut; Check Petrol, Diesel Price in Your City Today
2 years, 6 months ago

Fuel Prices Drop After Excise Duty Cut; Check Petrol, Diesel Price in Your City Today

News 18  

Petrol, Diesel Prices on Wednesday: Third day in a row the prices of petrol, and diesel were kept unchanged on Wednesday after the finance minister Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel on Saturday. Following the central govwenment’s announcement on excise duty cut, the Kerala government …

Inflation May Cool Down By This Much Following Petrol, Diesel Excise Duty Cut; Know Details
2 years, 7 months ago

Inflation May Cool Down By This Much Following Petrol, Diesel Excise Duty Cut; Know Details

News 18  

Inflation, which is currently hovering at an eight-year high of around 7.79 per cent, may cool down going forward due to the lowering of petrol and diesel prices following an excise duty cut by the Centre. Prices are still high and instead of inflation of close to 30 per cent for petrol, it will be around 20 per cent,” according …

Petrol, Diesel Prices Drop After Excise Duty Cut: Know How Much Tax You Pay On Fuel Now
2 years, 7 months ago

Petrol, Diesel Prices Drop After Excise Duty Cut: Know How Much Tax You Pay On Fuel Now

News 18  

Though the Centre has cut the excise duty on petrol and diesel thus bringing down the retail prices of the fuels, states, except a few, have not yet followed the suit. Here’s the full break-up of taxes one pays on petrol and diesel: Following the excise duty cut, the price of petrol in Delhi on Tuesday stood at Rs 96.72 …

Petrol, Diesel Duty Cut: Govt May Need To Bridge Revenue Loss Fully Via Market Borrowings
2 years, 7 months ago

Petrol, Diesel Duty Cut: Govt May Need To Bridge Revenue Loss Fully Via Market Borrowings

News 18  

After the Centre cut excise duty on petrol and diesel reducing the fuel retail prices, the government may borrow the entire Rs 1 lakh crore that it will forgo as revenues due to the reduction in levies, according to a report. The government has cut excise duty on petrol by Rs 8 per litre and that on diesel by Rs …

Petrol, Diesel Become Cheaper after Centre's Excise Duty Cut; Check Fuel Rates Today
2 years, 7 months ago

Petrol, Diesel Become Cheaper after Centre's Excise Duty Cut; Check Fuel Rates Today

News 18  

Petrol, Diesel Prices on Tuesday: The prices of petrol and diesel have remained unchanged on Tuesday after Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel on Saturday. The central government slashed central excise duty on petrol by Rs 8 per litre and on diesel by …

All hands on deck: On Centre’s duty cut on petro products
2 years, 7 months ago

All hands on deck: On Centre’s duty cut on petro products

The Hindu  

The Union government’s decision on Saturday to cut the excise duty on petrol and diesel by ₹8 and ₹6, respectively, is a belated acknowledgement that April’s multi-year highs in inflation were spurred in significant measure by high fuel prices. With the price of the Indian basket of crude oil having risen by more than 33% since November, and with a …

Petrol, Diesel Price Today: Fuel Prices Drop Sharply Post Excise Duty Cut; Know Rates
2 years, 7 months ago

Petrol, Diesel Price Today: Fuel Prices Drop Sharply Post Excise Duty Cut; Know Rates

News 18  

Petrol, Diesel Prices Today: Fuel prices remained unchanged on Monday. Finance minister Nirmala Sitharaman had announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel on Saturday. So, in Mumbai, petrol is retailing at Rs 111.35 per litre after the latest excise duty cut, while diesel is being sold at …

India trims taxes on fuel, commodities to fight inflation
2 years, 7 months ago

India trims taxes on fuel, commodities to fight inflation

Al Jazeera  

The steps will lead to a drop in annual revenues due to lower collections, raising concerns on India’s fiscal deficit. Finance Minister Nirmala Sitharaman announced on Saturday a cut in excise duty on petrol by 8 rupees per litre and 6 rupees per litre on diesel. The new tax regime on petrol and diesel could result in the government losing …

Many States reluctant to cut fuel tax
2 years, 7 months ago

Many States reluctant to cut fuel tax

The Hindu  

The Maharashtra government pared its value added tax levies on petrol and diesel by ₹2.08 and ₹1.44 per litre respectively on Sunday, a day after criticising the Centre for offering minimal tax cuts after drastic hikes over its tenure, a sentiment echoed by most Opposition-ruled States. After announcing the excise duty cuts on petrol and diesel of ₹8 and ₹6 …

Fuel price cut: Nirmala Sitharaman rebuts Opposition flak, says move does not impact states' tax share
2 years, 7 months ago

Fuel price cut: Nirmala Sitharaman rebuts Opposition flak, says move does not impact states' tax share

Firstpost  

This comes after former Union finance minister P Chidambaram and other Opposition leaders stated that the reduction in excise duty announced on Saturday evening would reduce the share of states in Central taxes New Delhi: Finance Minister Nirmala Sitharaman on Sunday rebutted the Opposition’s criticism of excise duty cut impacting share of states in central taxes, saying the Rs 8 …

Full Burden of Fuel Excise Duty Cut Is Borne By Centre, Says FM; Compares 2014-22 With 2004-14
2 years, 7 months ago

Full Burden of Fuel Excise Duty Cut Is Borne By Centre, Says FM; Compares 2014-22 With 2004-14

News 18  

Amid the Opposition alleging the central government of slashing excise duty that is shared by states and accusing it of duping people with a “jugglery of figures”, Finance Minister Nirmala Sitharaman on Sunday said the excise duty on petrol and diesel that has been deducted is not shareable with states. SAED,RIC & AIDC are non-sharable.” The finance minister added that …

Uttar Pradesh, other States should slash VAT on petrol, diesel: BSP chief Mayawati
2 years, 7 months ago

Uttar Pradesh, other States should slash VAT on petrol, diesel: BSP chief Mayawati

The Hindu  

With the Centre slashing the excise duty on petrol and diesel, Bahujan Samaj Party chief Mayawati on May 22 said it was the duty of not only Uttar Pradesh but also of other States to immediately announce a cut in VAT on fuel. Petrol price on May 22 was slashed by ₹8.69 a litre and that of diesel by ₹7.05 …

Petrol price down by ₹8.69, diesel by ₹7.05
2 years, 7 months ago

Petrol price down by ₹8.69, diesel by ₹7.05

The Hindu  

Petrol price on Sunday was slashed by ₹8.69 a litre and that of diesel by ₹7.05 per litre following the government's decision to cut excise duty on auto fuels, giving relief to consumers battered by high fuel prices that had pushed inflation to a record high. The government had on Saturday announced a record ₹8 per litre cut in excise …

Petrol, Diesel Prices: Rajasthan, Odisha, Kerala Cut VAT on Fuel; Check Latest Rates
2 years, 7 months ago

Petrol, Diesel Prices: Rajasthan, Odisha, Kerala Cut VAT on Fuel; Check Latest Rates

News 18  

After the central government cut excise duty on petrol and diesel to cool the prices of auto fuel, several states are also following the suit by reducing value-added tax. The Centre has cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre. The Kerala government has announced to cut …

Petrol, Diesel Prices Today: Fuel Rates Slashed After Centre's Excise Duty Cut; Know Latest Cost
2 years, 7 months ago

Petrol, Diesel Prices Today: Fuel Rates Slashed After Centre's Excise Duty Cut; Know Latest Cost

News 18  

After remaining unchanged for 45 days, petrol and diesel prices on Sunday have been reduced in the country. The development comes after the central government cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre. The price of petrol in Delhi has been reduced to Rs 96.72 per litre, …

Excise Cut: Industry, traders urge states to follow suit and bring more relief to consumers
2 years, 7 months ago

Excise Cut: Industry, traders urge states to follow suit and bring more relief to consumers

India TV News  

Excise Cut: India Inc, traders and exporters have welcomed the Centre's move to slash excise duty on auto fuels and urged states to follow suit to provide more relief to consumers. Hailing the decision of reduction in central excise duty on petrol and diesel, reduction in import duty on raw material of steel and plastic and increase in export duty …

Excise cuts make fuel cheaper
2 years, 7 months ago

Excise cuts make fuel cheaper

Deccan Chronicle  

New Delhi: Buckling under pressure, the government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battering under high fuel prices that have also pushed inflation to a record high. State-owned fuel retailers will pass on the excise duty cut to …

'It is Always People First for Us', Says PM Modi as Govt Announces Fuel Price Cut
2 years, 7 months ago

'It is Always People First for Us', Says PM Modi as Govt Announces Fuel Price Cut

News 18  

As Finance Minister Nirmala Sitharaman announced a sizeable cut in fuel prices, Prime Minister Narendra Modi said on Saturday that people are the first priority of his government. The government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers from high …

Always people first for us, tweets PM Modi after fuel rates cut, Congress calls it 'lollipop'
2 years, 7 months ago

Always people first for us, tweets PM Modi after fuel rates cut, Congress calls it 'lollipop'

India Today  

Centre on Saturday, May 21 decided to slash excise duty on petrol and diesel offering some releif amid inflation. Today’s decisions, especially the one relating to a significant drop in petrol and diesel prices will positively impact various sectors, provide relief to our citizens and further ‘Ease of Living.’ https://t.co/n0y5kiiJOh — Narendra Modi May 21, 2022 "It is always people …

Fuel price cut to gas cylinder subsidy: Five key announcements made by Nirmala Sitharaman
2 years, 7 months ago

Fuel price cut to gas cylinder subsidy: Five key announcements made by Nirmala Sitharaman

Firstpost  

The government also announced a fertiliser subsidy of Rs 1.10 crore and a customs duty cut on raw materials for plastic products In a series of tweets, finance minister Nirmala Sitharaman made several key announcements including a cut in central excise duty on fuel. Here are the key takeaways: Central excise duty on petrol has been reduced by Rs 8 …

'People first for us': PM Modi after finance minister slashes fuel prices, offers LPG subsidies
2 years, 7 months ago

'People first for us': PM Modi after finance minister slashes fuel prices, offers LPG subsidies

Hindustan Times  

Reacting to Union finance minister Nirmala Sitharaman's announcements, particularly those on petrol and diesel, as well as subsidy on gas cylinders, prime minister Narendra Modi on Saturday said the decisions showed that for his government, 'it is always the people first.' “Today's decisions, especially the the one relating to a significant drop in petrol and diesel prices will positively impact …

Petrol, diesel prices slashed, LPG subsidies: 6 big announcements by FM
2 years, 7 months ago

Petrol, diesel prices slashed, LPG subsidies: 6 big announcements by FM

Hindustan Times  

Petrol and diesel prices were cut Saturday as union finance minister Nirmala Sitharaman made several big-ticket announcements to help relieve the common man of the burden of inflation and rising prices. READ: Centre cuts petrol, diesel excise duties; prices to drop by ₹9.5 and ₹7 > The centre will provide subsidy on LPG cylinders - ₹200 per cylinder - to …

Centre slashes fuel taxes, sets ₹200 subsidy on LPG cylinders
2 years, 7 months ago

Centre slashes fuel taxes, sets ₹200 subsidy on LPG cylinders

The Hindu  

Finance Minister Nirmala Sitharaman unveiled a slew of measures to rein in runaway inflation on Saturday evening, including duty cuts on petroleum products, a ₹200 subsidy on LPG cylinders for the poor and a rejig of import duties on plastic and steel products. A reduction in central excise duty per litre of petrol by ₹8 and ₹6 for each litre …

Govt Reduces Excise Duty on Petrol by Rs 8 per Litre, Diesel by Rs 6; PM Says 'It's Always People First for Us'
2 years, 7 months ago

Govt Reduces Excise Duty on Petrol by Rs 8 per Litre, Diesel by Rs 6; PM Says 'It's Always People First for Us'

News 18  

Under pressure, the central government on Friday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre, which will lead to a welcome drop in fuel prices. Today’s decisions, especially the one relating to a significant drop in petrol and diesel prices will positively impact various sectors, provide relief …

Centre cuts excise duty on petrol, diesel; prices to drop by ₹9.5, ₹7 per litre
2 years, 7 months ago

Centre cuts excise duty on petrol, diesel; prices to drop by ₹9.5, ₹7 per litre

Hindustan Times  

The Centre has decided to reduce the central excise duty on petrol by ₹8 per litre and on diesel by ₹6 per litre, Union finance minister Nirmala Sitharaman said on Saturday. “It will have a revenue implication of around ₹1 lakh crore per year for the government,” the finance minister said in a series of tweets. Sitharaman also announced that …

'It is always people first for us': PM Modi reacts to price cut on petrol, diesel and LPG
2 years, 7 months ago

'It is always people first for us': PM Modi reacts to price cut on petrol, diesel and LPG

India TV News  

PM Modi's reaction to petrol, diesel price cut: Soon after Finance Minister Nirmala Sitharaman announced the price cuts on petrol, diesel and LPG, PM Narendra Modi said: "It is always people first for us." In a tweet, the PM added: "Today’s decisions, especially the one relating to a significant drop in petrol and diesel prices will positively impact various sectors, …

Why Indian govt may cut tax on petrol, diesel, according to Morgan Stanley
2 years, 9 months ago

Why Indian govt may cut tax on petrol, diesel, according to Morgan Stanley

Live Mint  

Should fuel prices rise sharply due to rise in oil prices, Upasana Chachra of Morgan Stanley in a recent note stated that she expects the Indian government to consider a reduction in fuel excise duty cut to dampen the effect on inflation. However, given that higher oil prices would potentially weigh on growth and tax collection as well, any additional …

High taxes on petrol, diesel: Now, Puri calls Rahul Gandhi 'jeb katra'
3 years, 1 month ago

High taxes on petrol, diesel: Now, Puri calls Rahul Gandhi 'jeb katra'

India TV News  

Oil Minister Hardeep Singh Puri on Wednesday responded to Congress leader Rahul Gandhi's 'pickpocket' barb at the government over the levy of high taxes on petrol and diesel, and described him as a "jeb katra" who would not understand what capital expenditure is. Gandhi tweeted "jebkatro se savdhan" before the government's November 3 announcement of a Rs 5 per litre …

Need further cut in petrol, diesel excise duty: Rajasthan CM Gehlot to PM Modi
3 years, 1 month ago

Need further cut in petrol, diesel excise duty: Rajasthan CM Gehlot to PM Modi

Hindustan Times  

Amid pressure from all corners to cut value-added tax on petrol and diesel, Rajasthan chief minister Ashok Gehlot on Tuesday urged Prime Minister Narendra Modi to slash central excise duty by a further ₹10 per litre on petrol and ₹15 per litre on diesel, saying that there was scope for the Centre to further bring down taxes on fuels. On …

Fuel price: 22 states reduce VAT on petrol, diesel. Check revised rates
3 years, 1 month ago

Fuel price: 22 states reduce VAT on petrol, diesel. Check revised rates

India TV News  

Following the centre's decision to reduce the excise duty on Petrol and Diesel by Rs. The total increase in petrol price since the May 5, 2020 decision of the government to raise excise duty to record levels had totalled Rs 38.78 per litre. Based on April to October consumption numbers, the loss of revenue to the government due to the …

Fuel prices see further dip in these states as BJP and its allies cut costs of petrol by Rs 8, diesel by Rs 9
3 years, 1 month ago

Fuel prices see further dip in these states as BJP and its allies cut costs of petrol by Rs 8, diesel by Rs 9

Firstpost  

After duty changes, the costliest petrol and diesel is sold in Rajasthan at Rs 111.10 and Rs 95.71 a litre respectively New Delhi: Petrol price has been further reduced by as much as Rs 8.7 per litre and diesel by Rs 9.52 in BJP ruled states and UTs — from Ladakh to Puducherry — as they matched the central government’s …

Centre's Excise Duty Cut on Petrol, Diesel to Cost Rs 45,000 Cr to Exchequer: Report
3 years, 1 month ago

Centre's Excise Duty Cut on Petrol, Diesel to Cost Rs 45,000 Cr to Exchequer: Report

News 18  

The excise duty cuts on diesel and petrol will cost Rs 45,000 crore and lead to a 0.3 percentage point widening on the Centre's fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption, the costs of the surprise move which came after months of concerns over high payouts at filling stations for the entire fiscal will …

Petrol, diesel price cut across country as Centre cuts excise duty, states reduce VAT. Details
3 years, 1 month ago

Petrol, diesel price cut across country as Centre cuts excise duty, states reduce VAT. Details

India TV News  

After Centre cut excise duty followed by several states reducing VAT, petrol price on Thursday was cut in the range of Rs 5.7 to Rs 6.35 per litre across the country and diesel rates by Rs 11.16 to Rs 12.88 as oil companies passed on a record reduction in excise duty rates to consumers. In Delhi, the reduction in petrol …

With Centre Slashing Excise Duty on Petrol, Diesel, VAT to Get Cut Automatically, Says Rajasthan CM
3 years, 1 month ago

With Centre Slashing Excise Duty on Petrol, Diesel, VAT to Get Cut Automatically, Says Rajasthan CM

News 18  

With the Centre slashing excise duty on petrol and diesel, the value-added tax imposed by the state will get reduced automatically in a proportionate manner, Rajasthan Chief Minister Ashok Gehlot said on Thursday. He demanded a further reduction in the excise duty on petrol and diesel to give people relief from the rising inflation and asserted the Congress government in …

After centre cuts excise duty on fuel, NDA ruled states follow the suit, UP announces petrol-diesel price will come down by Rs 12
3 years, 1 month ago

After centre cuts excise duty on fuel, NDA ruled states follow the suit, UP announces petrol-diesel price will come down by Rs 12

Op India  

On November 3, after the centre announced cut in excise duty on petrol and diesel, the NDA-ruled states followed suit and reduced VAT on the fuel. Prices of diesel and petrol in UP will be reduced by Rs 12 per litre each: Chief Minister’s Office pic.twitter.com/yztoR9EVwF — ANI UP November 3, 2021 Before announcing the additional reduction in the price …

Petrol price cut by Rs 6.07, diesel by Rs 11.75 per litre in Delhi
3 years, 1 month ago

Petrol price cut by Rs 6.07, diesel by Rs 11.75 per litre in Delhi

India TV News  

Petrol price on Thursday was cut by Rs 6.07 per litre and diesel price by Rs 11.75 in Delhi as oil companies passed on a record reduction in excise duty rates to consumers. Buckling under pressure, the government had on Wednesday cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre …

Rajnath Singh welcomes decision to cut excise duty on petrol, diesel
3 years, 1 month ago

Rajnath Singh welcomes decision to cut excise duty on petrol, diesel

India TV News  

Welcoming Centre's decision to reduce excise duty on petrol and diesel, Defence Minister Rajnath Singh on Wednesday thanked Prime Minister Narendra Modi for it and said that it will have a positive impact on the economy of India. Taking to Twitter, the Defence Minister said, "On the eve of Diwali, the Central Government, under the leadership of Prime Minister Narendra …

Uttar Pradesh slashes petrol, diesel prices by Rs 12
3 years, 1 month ago

Uttar Pradesh slashes petrol, diesel prices by Rs 12

India TV News  

With the central government slashing the excise duty on petrol and diesel, the Uttar Pradesh government too on Wednesday lowered the VAT on the two fuels making them cheaper by Rs 12 per litre in the state. Earlier in the day, the central government had announced a cut in the excise duty on petrol and diesel by Rs 5 and …

Petrol, diesel cheaper on Diwali as multiple states cut VAT on fuel. Full list
3 years, 1 month ago

Petrol, diesel cheaper on Diwali as multiple states cut VAT on fuel. Full list

Hindustan Times  

Facing months of intense pressure over rising fuel prices in the country, the central government on Wednesday cut excise duty on petrol and diesel by record amounts of ₹5 and ₹10, respectively, per litre, to bring down their rates from the highest-ever levels. Taking it forward, the Haryana government has also reduced the VAT on fuel prices; now both petrol …

Diwali bonanza for citizens as Centre, states slash fuel prices
3 years, 1 month ago

Diwali bonanza for citizens as Centre, states slash fuel prices

India Today  

In a major relief to the people, the Narendra Modi government announced rate cuts a day ahead of Diwali. The most sizeable cut in recent times ended the long period of petrol and diesel prices, which stood over Rs 90 to Rs 115 per litre. REASONS AND IMPACT OF LEVY CUTS Within a few hours of the centre facing seething …

BJP Lauds Modi Govt's Cut in Petrol, Diesel Prices
3 years, 1 month ago

BJP Lauds Modi Govt's Cut in Petrol, Diesel Prices

News 18  

The BJP on Wednesday hailed the central government's decision to reduce petrol and diesel prices as Prime Minister Narendra Modi's Diwali gift. "I thank @narendramodi Ji's Gov for reducing Excise Duty on Petrol & Diesel on the eve of Diwali by Rs 5 and Rs 10 respectively from tomorrow. The reduction in excise duty on Petrol & Diesel will also …

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