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Thursday 4 October 2018

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / Government cuts petrol, diesel prices by Rs 2.50 with immediate effect; asks states to follow suit

Government cuts petrol, diesel prices by Rs 2.50 with immediate effect; asks states to follow suit

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Finance minister Arun Jaitley said the union government is effecting a Rs 1.50 cut on excise duty on petrol and diesel. Furthermore, the government has asked oil marketing companies (OMCs) to absorb a deduction of Re 1 per litre on both the petro products.

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