Modi government reduces excise duty on Petrol & Diesel | Master Stroke

The excise duty will be reduced by Rs 5 for petrol and Rs 10 for diesel from November 4. Domestic prices of both fuels have touched record highs on the back of a steep rise in crude oil cost.
Petrol has already breached the Rs 100 per litre mark and above in several cities, whereas, diesel is not far behind.
The rise in transport fuels had raised concerns over a build-up of inflationary pressure which has even concerned the RBI.