New Delhi: The government, on May 21, has announced reduction in the Central excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre.
Union Finance Minister Nirmala Sitharaman said that this will reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 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: Union Finance Minister Nirmala Sitharaman
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— ANI (@ANI) May 21, 2022
Also, this year, the government will give a subsidy of Rs 200 per gas cylinder (upto 12 cylinders) to over 9 crore beneficiaries of the Pradhan Mantri Ujjwala Yojana
FM said, “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.”