Centre reduces excise duty on petrol by Rs 5, on diesel by Rs 10

New Delhi: In a relief to consumers on the eve of Diwali, the central government on Wednesday announced a reduction in excise duty on petrol and diesel. The excise duty on petrol will be reduced by Rs 5 and that on diesel by Rs 10 and new rates will come into effect from tomorrow. Government […]

New Delhi: In a relief to consumers on the eve of Diwali, the central government on Wednesday announced a reduction in excise duty on petrol and diesel.

The excise duty on petrol will be reduced by Rs 5 and that on diesel by Rs 10 and new rates will come into effect from tomorrow.

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Government sources said that 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.

They said that states have also been urged to reduce VAT on petrol and diesel to give relief to consumers.

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