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Drop in petrol, diesel prices will provide relief to our citizens : Modi

21/05/2022 at 9:44 PM

New Delhi, May 21: Prime Minister has said that today’s decisions on Ujjwala subsidy and drop in petrol and diesel prices will positively impact various sectors, provide relief to our citizens and further ‘Ease of Living.’

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.

Quoting the Finance Minister’s tweets regarding the decisions, the Prime Minister tweeted :

“It is always people first for us! Today’s decisions, especially the one relating to a significant drop in petrol and diesel prices will positively impact various sectors, provide relief to our citizens and further ‘Ease of Living.’”

“Ujjwala Yojana has helped crores of Indians, especially women. Today’s decision on Ujjwala subsidy will greatly ease family budgets.”

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