Petrol price reduced by Rs 9.5 per litre, diesel by Rs 7 per litre as Centre cuts excise duty

The Union government has reduced the prices of petrol and diesel by Rs 8 and Rs 6 per litre respectively Check details here.

Posted on 21 May , 2022 | Author Agency

New Delhi | Union Finance Minister Nirmala Sitharaman on Saturday announced that the Union government is 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.

Finance Minister Sitharaman also announced that the government is reducing the customs duty on raw materials & intermediaries for plastic products where India’s import dependence is high. She said import duty on some raw materials of steel will be reduced while the export duty on some steel products will be levied.

Further, the Union government is taking measures to improve the availability of Cement and through better logistics to reduce the cost of cement, Sitharaman said. (Agency)

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