Centre reduces excise duty on petrol by Rs 8 per litre, diesel by Rs 6

India

oi-Deepika S

New Delhi, Might 21: In a giant reduction, the central authorities on Saturday diminished excise responsibility on Petrol by Rs 8 per litre and on Diesel by Rs 6 per litre.

“We’re lowering the Central excise responsibility on Petrol by Rs 8 per litre and on Diesel by Rs 6 per litre. It will scale back the worth of petrol by Rs 9.5 per litre and of Diesel by Rs 7 per litre,” stated Union Finance Minister Nirmala Sitharaman.

“We’re additionally lowering the customs responsibility on uncooked supplies & intermediaries for plastic merchandise the place our import dependence is excessive. Import responsibility on some uncooked supplies of metal will likely be diminished. Export responsibility on some metal merchandise will likely be levied,” she stated.

“Additionally, this 12 months, we are going to give a subsidy of Rs 200 per gasoline cylinder (upto 12 cylinders) to over 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojana,” the finance minister introduced.

“Measures are being taken as much as enhance the supply of Cement and thru higher logistics to cut back the price of cement,” she stated.