, , New Delhi

: Kumar Sambhav
Updated Mon, 11 Apr 2022 1127 PM IST

In the two rounds of talks held so far, efforts are being made to decide how much excise duty should be reduced.

Relief can be given on petrol and diesel

Relief can be given on petrol and diesel
– Photo :

The central government is preparing to give relief to the common people from inflation by reducing the excise duty on petrol and diesel. To control the price of LPG along with petrochemicals, the government continues to fight at the highest level. There have been two rounds of talks between the Ministry of Finance and the Ministry of Petroleum, especially on reducing the excise duty on petrol and diesel. However, the government also wants to assess the situation in the international market before taking a final decision.

This is the government’s plan

According to government sources, the exercise is to give relief to the common people from the increased inflation due to the increased prices of petrol and diesel. Under this, the first formula is to reduce the excise duty levied on it by the Center and appeal to the states to cooperate. While the second formula is to wait. The price of crude oil has not increased in the last four-five days. Due to this their prices are stable.

two rounds of talks completed

In the two rounds of talks held so far, efforts are being made to decide how much excise duty should be reduced. It is worth noting that in November last year, when the prices of crude oil increased in the international market, the government had cut the excise duty on petrol by Rs 5 per liter and on diesel by Rs 10 per liter. At present, the government is charging Rs 27.90 on petrol and Rs 21.80 per liter on diesel as excise duty.

Prices are stable for five days

Due to this exercise of the government, there has been no increase in the prices of petrol and diesel since April 6. However, from March 22 to April 6, petrol prices have increased by an average of Rs 5 and diesel by Rs 10 on an average. Sources say that there will be one more meeting to bring down the excise duty, only after that the final decision can be taken.

There will be no relief on commercial cooking gas

Along with petrol and diesel, the prices of LPG are also increasing continuously. The government plans to keep the price of LPG for domestic use stable, while the government is in no mood to give relief in the case of LPG for commercial use.

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