DNP Desk: Excise duty cut on diesel and petrol will cost the exchequer Rs 45,000 crore. Due to this, the fiscal deficit of the Center will increase. According to the information received, due to reduction in excise duty on diesel and petrol, the fiscal deficit of the Center will increase by 0.3 percent. Let us tell you that the above information has been given in the report of a foreign brokerage company released on Thursday. Economists of Japanese brokerage company Nomura have presented a report. In this report of economists, it has been said that in terms of total consumption, this surprising move will have an impact of one lakh crore rupees on the exchequer for the whole financial year. With this, economists said that it will be 0.45 percent of the gross domestic product (GDP).
Big relief in petrol and diesel prices
The Center has given big relief in the prices of petrol and diesel. Excise duty on petrol has been reduced by Rs 5 and on diesel by Rs 10. These rates will be applicable from tonight at 12:00.
According to the Ministry of Finance, the Government of India has made efforts to ensure that there is no shortage of energy in the country and commodities like petrol and diesel are available in the country in sufficient quantity to meet our requirement.
Petrol and diesel prices in metros today
Petrol in Delhi today – Rs 110.04 per liter, Diesel – Rs 98.42 per liter
Petrol in Mumbai – Rs 115.85 per liter, Diesel – Rs 106.62 per liter
Petrol in Kolkata – Rs 110.49 per liter, Diesel – Rs 101.56 per liter
Petrol in Chennai – Rs 106.66 per liter, Diesel – Rs 102.59 per liter
Let us tell you that the Finance Ministry said that we are taking special care of the poor and middle class. To give further impetus to the country’s economy, the Government of India has decided to significantly reduce the excise duty on diesel and petrol. This cut will also boost consumption and reduce inflation. Like the poor and middle class will get help.
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