Central has given a big relief to the common man’s pocket. Today the central government has reduced excise duty on fuel prices. 8 rupees on petrol and 6 rupees on diesel excise duty were slashed by the central government. This reduced excise duty impacts fuel prices also. This will reduce the price of petrol and diesel by 9.5rs and 7rs per liter respectively. This reduced excise duty will be implemented by all the cities in India. The central government will suffer a huge loss due to the reduction of excise duty on fuel prices. To know about this just read the whole article and you will get all the important information related to this.
Reduction in Excise Duty by Central Government
Today the central government gives a gift to the common people. The central body of India announced that there will be a reduction in the excise duty by 8 and 6 rupees on the petrol and diesel per liter respectively. Due to this cutting down in the prices of excise duty the fuel prices will also be decreased. Now petrol is decreased by 9.5rs per liter and diesel is decreased by 7rs per liter. From tomorrow morning new prices will be implemented in India.
There is one more announcement given by the center that there will be a subsidy provided to the beneficiaries of Pradhan Mantri Ujjwala Yojna. There is a subsidy of 200rs that will be given to the beneficiaries up to the twelve-cylinder only. This subsidy is probably provided to the nine crore beneficiaries under this Pradhan Mantri Ujjwala Yojna. It will be a huge step because the central government has to bear a great revenue loss after this huge step for its people.
Nirmala Sitharaman Tweet
7/12 We are reducing the Central excise duty on Petrol by ₹ 8 per litre and on Diesel by ₹ 6 per litre.— Nirmala Sitharaman (@nsitharaman) May 21, 2022
This will reduce the price of petrol by ₹ 9.5 per litre and of Diesel by ₹ 7 per litre.
It will have revenue implication of around ₹ 1 lakh crore/year for the government.
Indian Finance Minister Nirmala Sitharaman tweeted on Saturday 21, 2022. In her tweet, she said “We are reducing the Central excise duty on petrol by ₹8 per liter and on diesel by ₹6 per liter. This will reduce the price of petrol by ₹9.5 per liter and of diesel by ₹7 per liter. It will have a revenue implication of around ₹1 lakh crore/ year for the government.
Ujjwala Yojana has helped crores of Indians, especially women. Today’s decision on Ujjwala subsidy will greatly ease family budgets. https://t.co/tHNKmoinHH— Narendra Modi (@narendramodi) May 21, 2022
Nirmala Sitharaman tweeted “Also this year we will give a subsidy of ₹200 per gas cylinder (up to 12 cylinders) to over 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojna. This will help our mothers and sisters. This will have a revenue implication of around ₹6100 crores a year. #Ujjwala”
इस चुनौतीपूर्ण वैश्विक स्थिति में भी पीएम @narendramodi जी के नेतृत्व में केंद्र सरकार ने पेट्रोल और डीजल पर excise duty घटाकर व गैस सिलेंडर पर ₹200 की सब्सिडी देकर आम जनता को बहुत बड़ी राहत दी है।— Amit Shah (@AmitShah) May 21, 2022
अन्य क्षेत्रों के लिए भी कई ऐसे कदम उठाए हैं जिससे उत्पादों के दाम में कमी आएगी।
This deduction will give relief to the common man’s life and it will directly give impact the pocket of the common man. This reduced price will also impact inflation.
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