Central government reduces excise duty on petrol by Rs 5 and diesel by Rs 10, new prices to come into effect from tomorrow

Central government reduces excise duty on petrol by Rs 5 and diesel by Rs 10, new prices to come into effect from tomorrow

• Reduction in petrol and diesel prices
• Rs 5 reduction in petrol
• Rs 10 reduction in diesel
• Central government reduces excise duty
• The new price will be applicable from tomorrow

The skyrocketing price of petrol and diesel has brought great relief to the common man. A day before Diwali, the central government has decided to give a big relief in the price of petrol and diesel. The government has announced a reduction in excise duty on petrol by Rs 5 and diesel by Rs 10. The new price will be applicable from Diwali i.e. tomorrow. The price of petrol and diesel is at an all-time high.

The Modi government at the Center has given the biggest Diwali gift to the people of the country at a time when fuel prices have been rising steadily for a long time. The government will reduce excise duty on petrol and diesel from tomorrow, Thursday, the day of Diwali.

The excise duty on petrol will be reduced by Rs 5 and the excise duty on diesel by Rs 10. It is being said that many states had requested the Center to reduce prices. In most states, including Gujarat, petrol has now scored a century.

This step of the central government will provide partial relief to the citizens of the country. Rising petrol-diesel prices have pushed the common man to the brink of rising prices of essential commodities. In many cities of the country, the price has crossed 110. Currently, petrol and diesel have hit centuries in almost all the states.

Today the price did not rise

Today, on the day of the black fourteenth, people are relieved. On the third day of the week, there was no increase in petrol and diesel prices. Diesel has crossed Rs 110 in many cities and petrol has reached Rs 121. In Delhi, petrol has crossed Rs 110 per liter. So diesel is being sold at Rs 98.42 per liter. When petrol-diesel prices were last reduced on September 5, petrol-diesel became 15 paise cheaper in many cities of the country.

Petrol price has gone up by Rs 8.85 in 28 days

Where petrol became 20 paise more expensive on September 28, diesel also went up by 25 paise per liter. Petrol prices, which started rising in the last days of September, remained unchanged till Tuesday. If you look at the price of petrol, it has gone up to Rs 8.85 per liter in 28 days. The price of petrol-diesel has reached record levels in the country as the price of crude oil has risen internationally.

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The Center appealed to the state to reduce VAT

According to sources, after the reduction in excise duty, the central government has appealed to the states to reduce VAT on petrol-diesel, so as to relieve the people from inflation. Different state governments levy VAT ranging from 20 to 35%. According to the central government, the reduction in excise duty on diesel will benefit farmers the most, as winter crops will now be harvested. The biggest beneficiaries of this reduction will be the farmers.

The new prices will come into effect from Thursday

On the eve of Diwali, the Indian government has announced a reduction in excise duty on petrol and diesel. Excise duty on petrol and diesel will be reduced by Rs 5 and Rs 10, respectively, from Thursday. The reduction in excise duty on diesel will be double that of petrol. The Rs 10 reduction in diesel will be of great benefit to farmers in the coming Ravi season.