Union Finance Minister Nirmala Sitharaman gave information on her social media account regarding the reduction in central excise duty on petrol and diesel. He wrote in the post that in view of the West Asia crisis, the central excise duty on petrol and diesel for domestic consumption has been reduced by Rs 10 per liter. This will provide protection to consumers from increase in prices. He said that Prime Minister Narendra Modi has always ensured that citizens are protected from fluctuations in the supply and prices of essential goods.
Apart from this, a duty of Rs 21.5 per liter has been imposed on the export of diesel and Rs 29.5 per liter on ATF. This will ensure adequate availability of these products for domestic consumption. He said that Parliament has been informed about this.
In view of the West Asia crisis, the central excise duty on petrol and diesel for domestic consumption has been reduced by ₹10 per liter each. This will provide protection to consumers from rise in prices. Hon. PM @narendramodi has always ensured that citizens are protected from
— Nirmala Sitharaman (@nsitharaman) March 27, 2026
‘Prices should not increase for consumers’
On the government’s reduction in excise duty on petrol and diesel, Union Finance Minister Nirmala Sitharaman said that the way the PM reacts to such situations. In this case, to ensure that the public is not burdened with shortage of LPG or fuel.
PM Modi said that prices should not increase for consumers. In view of this, we took this decision to ensure that OMCs do not stop buying crude oil and there is no shortage of fuel in the country. He said that to ensure the availability of ATF in the country, we have increased the excise duty on its export.
How much was the reduction in excise duty?
According to the decision taken by the government, earlier the excise duty on petrol was Rs 13 per liter. Now it has been reduced to Rs 3 per litre. Apart from this, excise duty on diesel was Rs 10 per liter. Now it has been reduced to zero. It is expected that with this decision taken by the government, there may be some relief in the prices.
What did you say on lock down?
Union Finance Minister Nirmala Sitharaman on Friday rejected the reports in which there was talk of imposing a lockdown. He also called it baseless. He said that the government is not considering taking any such step. She said that I want to assure people that there will be no lockdown. I am surprised that some leaders are saying that there will be a lockdown and there will be a fuel shortage.
He said that these things are baseless. It is worrying to see such comments coming from people associated with the political field. There will be no lockdown like we saw during Covid. I want to assure people again that there will be no lockdown like the one we saw during Covid.