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    World Environment Day observed in Shillong

    World Environment Day observed in Shillong

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    World Environment Day observed at Raj Bhavan

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    MSL 2023: Defending champions Lajong qualify for semis

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      World Environment Day observed in Shillong

      World Environment Day observed in Shillong

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      Meghalaya Chief Minister announces launch of CM’s Solar Mission

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      MSL 2023: Shillong Lajong win last group stage match, all eyes turn to semifinals

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      USTM only Private University in NE placed in NIRF-2023 Ranking

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      World Environment Day observed at Raj Bhavan

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      IIM Student Residence named after freedom fighter U Tirot Sing

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      CM Conrad Sangma distributes PES and other programs in Tura

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      MSL 2023: Defending champions Lajong qualify for semis

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        ₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender

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        Raj Bhavan, Shillong celebrates 63rd Foundation Day of Gujarat and Maharashtra

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        100th episode of PM’s ‘Mann Ki Baat’ to be screened at Raj Bhavan, Shillong on Sunday

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        Meghalaya :Nongstoin & Williamnagar get new FM Transmitters

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        Union Minister of State for Home inaugurates Land Port Dawki

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        MSL 2023: Shillong Lajong win last group stage match, all eyes turn to semifinals

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      Excise Duty reduction on Petrol and Diesel on the eve of Diwali

      sav_editor by sav_editor
      November 3, 2021
      in Featured, Flash News, National
      0
      Excise Duty reduction on Petrol and Diesel on the eve of Diwali

      Representational image.

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      New Delhi , Nov 3 : The government has taken a significant decision of reducing Central Excise Duty on Petrol & Diesel by Rs. 5 and Rs. 10 respectively from tomorrow. Prices of petrol & diesel will thus come down accordingly.

      The reduction in excise duty on diesel will be double that of petrol. The Indian farmers have, through their hard work, kept the economic growth momentum going even during the lockdown phase and the massive reduction in excise on diesel will come as a boost to the farmers during the upcoming Rabi season.

      In recent months, crude oil prices have witnessed a global upsurge. Consequently, domestic prices of petrol and diesel had increased in recent weeks exerting inflationary pressure. The world has also seen shortages and increased prices of all forms of energy. The Government of India has made efforts to ensure that there is no energy shortage in the country and that commodities such as petrol and diesel are available adequately to meet our requirements.

      ADVERTISEMENT

      Driven by the enterprising ability of India’s aspirational population, the Indian economy has witnessed a remarkable turnaround post the COVID-19 induced slowdown. All sectors of the economy – be it manufacturing, services or agriculture – are experiencing significant upward economic activity.

      To give a further fillip to the economy, the Government of India has decided to significantly reduce the excise duty on diesel and petrol.

      The reduction in excise duty on Petrol and Diesel will also boost consumption and keep inflation low, thus helping the poor and middle classes. Today’s decision is expected to further spur the overall economic cycle.

      States are also urged to commensurately reduce VAT on Petrol and diesel to give relief to consumers. (PIB)

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