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Petrol And Diesel Prices Plunge As Modi Government Cuts Excise Duty

May 21, 2022 21:17

The Union Finance Minister Nirmala Sitaraman announced that the Centre would reduce the central excise duty on petrol and diesel. As per the FM, the petrol rate would drop by ₹9.5 per liter, and diesel would drop by ₹7 per liter. As a result, the government would bear a revenue implication of ₹1 lakh crores […]