What Petroleum Minister Said On Fuel Prices Cut, Subsidy On Gas Cylinders
NDTV
Fuel Price Cuts: In a significant step aimed at providing relief to people from high fuel prices, the Centre announced a reduction in excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre.
Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday thanked the Centre for the visionary decision of reducing Central excise on petrol and diesel and said that it underlines PM Modi's unwavering commitment to concerns of citizens and showcases his leadership in crisis. Today's decisions along with steps to curb price rise on key infrastructure material such as cement, steel & plastics will bring wide-scale relief to crores of Indian families & provide pivotal support to Indian economy amidst a challenging global inflationary environment.
"Grateful to PM Narendra Modi ji and FM Nirmala Sitharaman ji for the visionary decision of reducing Central excise on Petrol by Rs 8/ltr and Diesel by Rs 6/ltr, which will translate into a reduction in the price of petrol by Rs 9.5 /ltr and Diesel by Rs 7/ltr. Cost of Rs 1 lakh cr/year to the exchequer," Mr Puri said in a tweet.
