Relief from inflation, the central government made a big cut in excise duty

Petrol cheaper by Rs 9.5 and diesel by Rs 7 per liter after seven months

Subsidy of ₹ 200 per cylinder to Ujjwala beneficiaries

The central government has made a big cut in the excise duty on petrol and diesel. On Saturday, the government reduced the excise duty on petrol by Rs 8 per liter and on diesel by Rs 6 per liter. This announcement was made by the country's Finance Minister Nirmala Sitharaman. He said that as a result of reduction in excise duty, the price of petrol will come down by Rs 9.5 per liter and that of diesel by Rs 7 per liter. This will be due to reduction in other taxes levied at the rate of excise duty.

The government also announced a subsidy of Rs 200 per cylinder on domestic cooking gas to the beneficiaries of the Ujjwala scheme, up to 12 gas cylinders in a year, this subsidy will be available to about nine crore families, this decision of the government from Saturday midnight. came into force. These steps have been taken in view of the rising inflation in the country and the impact on common life due to high prices of fuel products.

The government had earlier cut excise duty on petrol by Rs 5 per liter and on diesel by Rs 10 per liter on November 4, 2021. But after the completion of assembly elections in five states, the prices of petrol and diesel started increasing again from the second fortnight of March 2022. For this, the rise in international crude oil prices due to the Russia-Ukraine war was attributed. While cutting excise duty, the Union Finance Minister expressed confidence that the state governments will also move in the direction of cutting their taxes applicable on petrol and diesel. He said that the common man would get relief by doing this by the state governments. He said the supply chain has been disrupted because of the Ukraine war. Due to this, today the whole world is facing the brunt of inflation.

Petroleum Minister Hardeep Singh Puri said that the BJP-ruled states had cut their taxes on diesel-petrol in the past. But, non-BJP ruled states did not do this, these states should also give relief by reducing VAT.

People first for us

Narendra Modi: - This big cut in the prices of petrol and diesel will have a positive effect on various sectors, this will give relief to our citizens and make life easier. Will give a big relief to the budget of the families.

The first major cut in excise duty on diesel-petrol after November 2021

Under the Ujjwala scheme, the benefit of subsidy will be available on up to 12 gas cylinders in a year.

Petroleum Minister Hardeep Puri said, now non-BJP ruled states should also reduce VAT

Kerala announces Rs 2.41 cut in state government's VAT on petrol and Rs 1.36 on diesel

Congress said, the government increased the excise duty by Rs 10 earlier in 60 days and now it has been cut by Rs.

petrol and diesel prices

New rate (from 22 May)

Petrol- 99.76

Diesel- 94.56

Old rate (till 21st May)

Petrol- 108.71

Diesel- 101.92

Jharkhand's 35 lakh Ujjwala beneficiaries will get benefit

Ranchi, The beneficiaries of Pradhan Mantri Ujjwala Yojana are going to get a subsidy of Rs 200 per cylinder. As soon as the scheme is implemented, about 35 lakh beneficiaries of entire Jharkhand including Ranchi will start getting its benefits. Customers will get subsidy on maximum 12 cylinders in a year, whereas the number of general customers in Jharkhand is around 25 lakhs.