Centre cuts excise duty on petrol by Rs 8 per litre, on diesel by Rs 6 per litre

In news that comes as a relief to the common man, the Centre has decided to cut the excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre. This will effectively reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre.

Finance Minister Nirmala Sitharaman, while making the announcement on her Twitter handle on May 21, requested the state governments to follow the lead, especially those who didn't announce a reduction last time (November 2021).

"I wish to exhort all state governments, especially the states where reduction wasn’t done during the last round (November 2021), to also implement a similar cut and give relief to the common man," read her tweet.