Central Excise Duty on Petrol and Diesel
reduced by ₹10 per litre to protect consumers
¨ The central excise duty
on petrol and diesel has been reduced by ₹10 per litre each for domestic
consumption by the Government.
¨
The decision has been
taken in view of the ongoing West Asia crisis to mitigate its economic impact.
¨
It has been stated that
the move is intended to protect consumers from a potential rise in fuel prices.
¨ The reduction is expected
to provide relief by stabilising the cost of essential fuels in the domestic
market.
¨ Export duties have been
imposed on diesel at ₹21.5 per litre to regulate its availability within the
country.
¨
Similarly, aviation
turbine fuel has been subjected to an export duty of ₹29.5 per litre.
¨ These measures are aimed at ensuring adequate domestic supply of petroleum products.
¨ The government has emphasised its commitment to shielding citizens from fluctuations in global supply conditions.
