petrol price reduction: Diwali gift; Petrol Diesel Price Reduction Center – petrol diesel prices to be reduced to be cut by Rs 5 and 10

New Delhi: Relief for soaring fuel prices. The reduction comes on the back of lower excise duty on fuel. According to this, petrol will be reduced by Rs 5 and diesel by Rs 10. The new price will be effective from midnight today.

There has been widespread outcry against the central and state governments over the sharp rise in fuel prices. Meanwhile, the action. The Center has also directed the states to reduce VAT.

As on May 5, 2020, the excise duty on petrol had gone up to Rs 37.38 per liter. For diesel, it was Rs 27.98, down from Rs 5 and Rs 10.