The Government has decided to reduce the central excise duty on Petrol and Diesel by Rs 2 per Litre effective from the October 4, 2017. This measure would help reducing the prices of Petrol and Diesel and giving relief to consumers.
In the past few weeks, the prices of Petrol and Diesel have been rising due to increase in their prices in the international market. The retail selling prices of Petrol and Diesel have touched Rs 70.88 per/ litre and Rs 59.14 per litre respectively at Delhi on October 3, 2017. As a result of reduction in excise duty, the decrease in prices of Petrol and Diesel will be Rs 2.50 per litre and Rs 2.25 per litre respectively at Delhi.
The Government is monitoring the developments in the prices of Petrol and Diesel in the international as well as domestic market. In view of coming agricultural season – harvesting of Kharif crops and sowing of Rabi crops; and in the interest of consumers, the Prime Minister Shri Narendra Modi has taken the decision for giving relief to the farmers and consumers in general. The Government stands committed to take all necessary steps to protect the wellbeing of consumers in the country.
State Governments are also being requested to make reduction in VAT imposed by them on Petrol and Diesel so as to give more relief to consumers.
Author Profile
-
JK News Live is a platform where you find comprehensive coverage and up-to-the-minute news, feature stories and videos across multiple platform.
Website: www.jknewslive.com
Email: [email protected]
Latest entries
KashmirNovember 22, 2024“Allah Choose Me for This Noble Cause,” Says Hafiz Mohd Ayoob Bhat, Who Lost His Sight at 8
KashmirNovember 22, 2024Omar Abdullah to embark on Umrah visit to Saudi Arabia on Nov 24
KashmirNovember 22, 2024Mehbooba Mufti demands action against soldiers over civilian torture in J&K’s Kishtwar
KashmirNovember 22, 2024More CCTVs will be installed on Kashmir highway: Div Com Kashmir
JK News Live is a platform where you find comprehensive coverage and up-to-the-minute news, feature stories and videos across multiple platform.
Website: www.jknewslive.com
Email: [email protected]
