Government has decided to reduce the excise duty on petrol and diesel . This has reduced the cost of petrol and diesel to Rs 2.
Let us tell you that the cost of petrol and diesel is increasing due to crude oil being expensive in the international market and weakness in Indian rupee. According to data from IOC’s websites, petrol rates in Delhi increased to Rs 2.95 per month in January last. Petrol-diesel will definitely be cheaper due to the reduction of excise duty, but tax in different states and Daily fixed rates will not get much impact on petrol and diesel prices.
The government has reduced the excise duty on petrol by 2 rupees to Rs 4.48 per liter. At the same time, excise duty on diesel has been reduced by Rs 2 to Rs 6.33 per liter.