Government cuts excise duty on petrol and diesel by Rs 10

Summary

The government reduces excise duty on petrol and diesel by Rs 10 to help oil companies cope with rising global crude prices. This measure aims to stabilize fuel prices rather than reduce them immediately, with potential implications for consumer sentiment ahead of state elections.

Recent Coverage

• New fuel maths: Cut in excise duty, levy on exports

  Economic Times - India Time • Mar 28

• Fuel duty cut to cost exchequer Rs 7,000 crore in two weeks: CBIC chief

  Economic Times - India Time • Mar 27

• Retail petrol, diesel prices won't change after Rs 10/litre tax cut, government says

  Economic Times - India Time • Mar 27

• Petrol, diesel excise duty cut by Rs 10, but here’s why it may not be good news for you

  Economic Times - India Time • Mar 27