Excise duty cut: Petrol price slashed by Rs 8.69/ltr, diesel by Rs 7.05/ltr
Petrol price on Sunday was slashed by Rs 8.69 a litre and diesel by Rs 7.05 per litre following the government cutting excise duty on auto fuels to give relief to consumers battered by high fuel prices that has also pushed inflation to record high. The government on Saturday announced a record Rs 8 per litre cut in excise duty on petrol and Rs 6 per litre reduction on diesel. The excise duty cut will translate into a reduction of Rs 8.69 a litre on petrol in Delhi and Rs…
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