Petrol to get cheaper by Rs.5, Diesel by Rs.10 from tomorrow

Petrol and Diesel will be cheaper from November 4

The excise duty on petrol and diesel will be reduced by Rs.5 and Rs.10 respectively from tomorrow, the government has announced on the eve of Diwali, aiming to provide relief to people reeling under the impact of increasing fuel prices.

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. States urged to reduce VAT on petrol and diesel to give relief to consumers, government.

Crude oil prices have witnessed a global upsurge. Consequently, domestic prices of petrol & diesel had increased in recent weeks exerting inflationary pressure. The world has also seen shortages and increased prices of all forms of energy, the finance ministry said.

The government has made efforts to ensure that there is no energy shortage in the country and that commodities such as petrol & diesel are available adequately to meet our requirements.

It has decided to significantly reduce excise duty on diesel & petrol. The reduction will also boost consumption and keep inflation low, thus helping the poor, middle classes, the finance ministry further mentioned.

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One Comment

  1. Good governace.सब कुछ लुटा के होश मे आए तो क्या किया।

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