Petrol And Diesel Price In Delhi, Mumbai And Other Cities After Excise Cut
NDTV
Saturday's cut on excise duty will reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre after taking into account its impact on other levies.
Fuel prices will come down from tomorrow with the central government cutting the excise duty on petrol and diesel. Finance Minister Nirmala Sitharaman today announced a record cut of Rs 8 per litre of petrol and Rs 6 per litre on diesel. The move comes a month after inflation surged to an eight-year high in April and is aimed at giving relief to consumers.
The excise duty hikes of 2020 had taken central taxes on petrol to their highest level of Rs 32.9 per ltire and that on diesel to Rs 31.8 a litre.
Saturday's cut on excise duty will reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre after taking into account its impact on other levies.
Currently, petrol is retailed at Rs 120.51 per litre in Mumbai, while diesel is sold at Rs 104.77.
