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Friday, March 29, 2024

Petrol and Diesel prices fall by 10 and 7 Rupees per litres

Finance minister Nirmala Sitaraman tweeted and informed that the central government is cutting on taxes by 9.5 rupees on petrol and 7 rupees in Diesel per litres.

Central government has also reduced the prices of LPG gas cylinders by 200 rupees.

The price of petrol will come down by ₹ 9.5, while the diesel will be cheaper by ₹ 7 as Finance Minister Nirmala Sitharaman announced a sharp cut in central excise duty on fuel prices amid spiralling inflation.

This decision will cause loss of thousands of crores for the central government but govt. it says its ready to bear the losses.

The Ukraine crisis and global supply chain disruptions have stoked prices worldwide.

April saw India’s wholesale and consumer prices accelerate at their fastest in years, prompting the central bank to hike interest rates at an unscheduled policy meeting this month.

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