The Central Government has today reduced the excise duty on petrol from Rs 13 per liter to Rs 3 per liter and the excise duty on diesel from Rs 10 per liter to zero. Regarding this, Brijesh Goyal, Chairman, Chamber of Trade and Industry CTI, the apex organization of traders and entrepreneurs in Delhi and the country, said that the cut in excise duty on petrol and diesel has been welcomed by the traders, shopkeepers, factory owners and transport operators of Delhi and the country.
Brijesh Goyal said that due to the increasing crisis and war in Western Asia, the prices of crude oil have recently increased from $ 90 per barrel to $ 110 per barrel and there is a crisis of oil and gas all over the world.
It was feared that the petroleum companies in India could increase the rates of petrol and diesel at any time, if this actually happened then there would be a possibility of increase in freight charges as well as increase in inflation in the entire country.
Public will get relief due to reduction in excise duty
CTI Chairman Brijesh Goyal said that today the Central Government has made a huge reduction in petrol diesel excise duty, now it is the responsibility of the petroleum companies also not to even think about increasing the prices of petrol diesel.
Crude oil price crosses 100 dollars
Brijesh Goyal said that last few months ago, the price of crude oil in the international markets was around 90 dollars per barrel, which reached 110 dollars per barrel due to the war. If the war stops in the next few days and the prices of crude oil come down below 90 dollars per barrel, then the petroleum companies should cut the rates of petrol and diesel so that the general public can get the benefit of the excise duty reduction by the Central Government today.
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