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Petrol Price cut by Rs 9.5, Diesel by Rs 7 as govt reduces excise duty

Petrol and Diesel price reduce news today: "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.

May 21, 2022, 18:55 PM IST

Petrol Price cut by Rs 9.5, Diesel by Rs 7 as govt slashes excise duty

Petrol and Diesel price reduce news today: Finance Minister Nirmala Sitharaman announced on Saturday that the price of petrol will be reduced by Rs 9.5, whereas the diesel prices will see a cut of Rs 7 due to a sharp cut in central excise duty on fuel prices. "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," said Union Finance Minister Nirmala Sitharaman.

May 21, 2022, 18:55 PM IST