Petrol and diesel can be cheap, government may cut excise duty
According to the report, the government can increase the prices of LPG gas cylinders. Sources said that the government is closely monitoring the LPG prices.
Petrol and Diesel (Petrol Diesel PriceThe common man can get relief soon from inflation. Government petrol-diesel Excise Duty on (Excise Duty) is considering a cut. Business Today, quoting sources, said in a report that the Ministry of Petroleum and Natural Gas (MoPNG) and the Ministry of Finance (Finance Ministry) is deliberating on reducing the excise duty on petrol and diesel. Let us tell you that on Tuesday, oil companies have not made any change in oil prices for the sixth consecutive day. Oil prices are stable. From 22 March till now, oil has become costlier by Rs 10.
However, according to the report, the government may increase the prices of LPG gas cylinders. Sources said that the government is closely monitoring the LPG prices. The government is trying to keep the price of domestic LPG cylinder stable, while there may be another increase in the price of commercial LPG.