India Cuts Excise Duty On Petrol and Diesel
Posted by Michelle Howard
Tuesday, October 3, 2017
India on Tuesday cut excise duty on petrol and diesel by two rupees a litre to protect retail consumers from higher global crude oil prices, the government said.
The new excise duty will be effective from Oct. 4, the Finance Ministry said in a message on Twitter.
The finance ministry had earlier ruled out lowering excise duties on petroleum products, citing pressure on government finances.
Reporting by Manoj Kumar