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The Government of India decides to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by ₹ 2 per litre with effect from 4th October, 2017; This major decision has been taken by the Government in order to cushion the impact of rising international prices of crude petroleum oil and petrol and diesel on Retail Sale Prices of Petrol and Diesel as well as to protect the interest of common man

News and Press Release - Dated:- 4-10-2017 - The Government of India has decided to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by ₹ 2 per litre with effect from 4th October, 2017. This decision has been .....

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t of these reductions in excise duty is about ₹ 26,000 crore in a full year, and about ₹ 13000 crore during the remaining part of the current financial year. Earlier due to the increase in the international prices of Petrol and Diesel, du .....

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