Petrol-Diesel Excise Duty Cut: Central government has given big relief on petrol and diesel, know how much the price has decreased

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Petrol Diesel Price Today : Price of one liter oil released, know today's price of petrol and diesel
Petrol Diesel Price Today : Price of one liter oil released, know today's price of petrol and diesel

Petrol-Diesel Excise Duty Cut:  The central government has made a huge cut in the ever-increasing prices of petrol and diesel. There has been a huge cut in the prices of LPG gas cylinders, petrol and diesel.

Petrol-Diesel Price Today, IOCL 20 May Petrol Diesel Rates: The Central Government has given a big relief on the rising prices of petrol and diesel. In order to put an end to the continuous increase in the prices of petrol and diesel for a long time, the government has cut the excise duty drastically. The Center has cut the price of petrol by Rs 9.50 and that of diesel by Rs 7.

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Know what Finance Minister Sitharaman said

Announcing the reduction in the prices of petrol and diesel, Finance Minister Sitharaman said that I want to appeal to all the state governments, especially those states, where the cut was not made during the last round (November 2021). There also similar deduction should be implemented and relief should be given to the common man.

Big cut in excise duty

Finance Minister Nirmala Sitharaman said that this [reduction in excise duty] will have a revenue implication of about one lakh crore rupees / year for the government. I would like to encourage all the state governments, especially those states, where the cuts were not made during the last round (November 2021), to implement similar cuts and give relief to the common man.

More big decisions taken

Sitharaman said that this deduction will help our mothers and sisters. This will have a revenue implication of about Rs 6,100 crore annually. We are also reducing customs duty on raw materials and middlemen for plastic products where our import dependence is high. This will reduce the cost of the final products.

LPG prices also cut

Amidst the inflation, the Center has also decided to give a subsidy of Rs 200 per gas cylinder (up to 12 cylinders) to more than nine crore beneficiaries of Pradhan Mantri Ujjwala Yojana. The central government has given a big relief even on the rising price of cooking gas. Rs 200 subsidy will be available on the cost of LPG.

 

 

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