Saturday, July 2, 2022

Petrol, diesel to get cheaper as govt reduces excise duty by ₹5 and ₹10

Srinagar: The Central government on Wednesday evening said that excise duty on petrol and diesel has been reduced on the eve of Diwali, thereby petrol and diesel will get cheaper, much to the relief of general public.

Reports reaching Kashmir News Service (KNS) said that on the eve of Diwali the government had announces excise duty reduction on petrol and diesel.

Reports quoting government sources said that the excise duty on Petrol and Diesel will be reduced by Rs 5 and Rs 10 respectively from tomorrow.

“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 have been urged to reduce VAT on petrol &land diesel to give relief to consumers,” they said.

Notably, prices of petrol and diesel have been increasing with each passing day, thereby put a lot of burden on the consumers. (KNS)

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