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November 30, 2022

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Petrol-Diesel Excise Duty Cut: Petrol cheaper by Rs 9.5, know how much diesel prices came down after excise duty was reduced?

2 min read

Petrol-Diesel Prices to Drop Sharply: Finance Minister Nirmala Sitharaman said that the central government has decided to reduce the central excise duty on petrol and diesel and give subsidy under the Ujjwala scheme.

Petrol-Diesel Excise Duty Cut: The Central Government on Saturday announced a big relief to the citizens of the country facing the rising prices of petrol and diesel. Union Finance Minister Nirmala Sitharaman said that we are reducing the Central Excise Duty (Excise Duty) on petrol by eight rupees and on diesel by six rupees. This will reduce the price of petrol by Rs 9.5 per liter and diesel by Rs 7 per liter.

Along with this, the Finance Minister also said that more than nine crore beneficiaries of Pradhan Mantri Ujjwala Yojana will be given a subsidy of Rs 200 per cylinder (up to 12 cylinders). He said that this will help our mothers and sisters.

Custom duty on plastic products also reduced
Sitharaman said that we are also reducing custom duty on raw materials for those plastic products where our import dependence is high. Import duty on some steel raw materials will also be reduced. Export duty will be levied on certain steel products. The Finance Minister said that norms are being implemented to improve the availability of cement and better logistics are being resorted to reduce the cost of cement.

Kerala gave more concession
The Kerala government announced a reduction in tax on petrol and diesel by Rs 2.41 and Rs 1.36, respectively. Kerala Finance Minister KN Balagopal gave this information.

Such were the prices of petrol and diesel on Saturday
On Saturday, the price of petrol in the national capital Delhi stood at Rs 105.41 per liter and diesel at Rs 96.67 per liter. The price of petrol in Mumbai was Rs 115.51 and that of diesel was Rs 105.77 per liter. In Kolkata, the price of petrol was Rs 115.12 and the price of diesel was Rs 99.83 per liter. At the same time, in Chennai, petrol was sold at Rs 110.85 per liter and diesel at Rs 100.94 per liter.

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