Team News Riveting
New Delhi, November 3
Call it a Diwali gift by the Narendra Modi government, the excise duty on petrol and diesel has been slashed by Rs 5 and Rs 10, respectively.
The decision will come into effect from tomorrow. In a statement, the Government of India also urged the states to reduce the VAT on petrol and diesel to further provide relief to the consumers.
The decision will bring a huge respite to the consumers as fuel prices across the country had sky-rocketed in the last few weeks following a global upsurge in crude oil prices.
The official statement said, “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.” It said that Indian farmers have, through their hard work, kept the economic growth momentum going even during the coronavirus lockdown and the “massive reduction in excise on diesel will come as a boost to the farmers during the upcoming Rabi season.”
The opposition Congress has grilled the Narendra Modi government on the issue and launched vehement protest against the price hike at many places across the country.
