Petrol And Diesel Price Will Decrease By 2 Rupees From Midnight

Petrol And Diesel Price will decrease by 2 rupees : The Narendra Modi government cut the excise duty of Petrol And Diesel Price will decrease by 2 rupees per liter From Midnight. This step has been taken in view of the increase in fuel prices over the last three months. “The Indian government has cut the basic excise duty on petrol and diesel (branded and unbranded) by two rupees per liter,” the Finance Ministry said in the information provided through Twitter. The deduction in excise duty will be effective from October 4. Prices of petrol and diesel will be reduced by Wednesday as compared to the excise duty cut. At present, petrol is priced at Rs 70.88 a liter in Delhi, while the price of diesel is Rs 59.14 per liter. On petrol, the government currently imposes a total excise duty of Rs 21.48 per liter, while in diesel it is Rs 17.33 per liter.

Petrol And Diesel Price will decrease by 2 rupees : At the same time, the ministry has said that deduction of excise duty will result in a loss of revenue of about Rs 26 thousand crore. Which the government will tolerate. But this step has been taken keeping in view the interests of common people. Another tweet said, “This move by the government will result in a loss of revenue of around Rs 26,000 crore in the entire financial year, while in the current financial year, there will be a loss of 13 thousand crore rupees. The Government of India has taken this decision keeping in view the interests of common people. Let me tell you, this decision of the Modi government has come when the price of petrol in above all states of the country is above 70 rupees per liter. The price of diesel is around 60 rupees per liter.

Petrol And Diesel Price will decrease by 2 rupees : What Ministry Says

 

 

Petrol And Diesel Price Will Decrease By 2 Rupees : Total Ups And Downs of Petrol And Diesel Prices

Petrol And Diesel Price Will Decrease By 2 Rupees : Given the softening of the price of crude oil globally, three years ago, the fee was increased to take advantage of it. Now there was criticism about the fact that it is not cutting excise duty, but the price of fuel is increasing steadily since the beginning of July. From July 4, the price of petrol has increased by Rs 7.8 a liter, while the price of diesel has risen 5.7 to the highest level. In another tweet, the Ministry said that this step has been taken with the intention of providing relief to people from the rising fuel prices in the international market. Due to the reduction of the duty, the government will have a loss of revenue of Rs 13,000 crore in the remaining period of the current financial year.

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