Centre cuts excise duty on petrol, diesel

NEW DELHI: In a big relief to consumers ahead of diwali, the government on Wednesday announced reduction in excise duty on petrol and diesel, news agency ANI said quoting sources. Excise duty on petrol has been reduced by Rs 5 and that on diesel will be reduced by Rs 10. The reduced prices will come into effect from November 4. “The reduction in excise duty on diesel will be double that of petrol and will come as a boost to the farmers during the upcoming Rabi season,” the government said. States have also been urged to reduce VAT on petrol and diesel to give relief to consumers.

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