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

21/05/2022 at 6:57 PM

New Delhi, May 21: The Central government on Saturday announced to reduce the excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre.

“We are reducing the Central excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre. This will reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre,” said Union Finance Minister Nirmala Sitharaman.

“We are also reducing the customs duty on raw materials & intermediaries for plastic products where our import dependence is high. Import duty on some raw materials of steel will be reduced. Export duty on some steel products will be levied,” Sitharaman said.

The Minister further said measures are being taken up to improve the availability of cement and through better logistics to reduce the cost of cement.

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