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LATEST NEWS UPDATES | Modi govt slashes excise duties on petrol by Rs 5, and diesel by Rs 10 -R. Suryamurthy

Modi govt slashes excise duties on petrol by Rs 5, and diesel by Rs 10 -R. Suryamurthy

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published Published on Nov 4, 2021   modified Modified on Nov 4, 2021

-The Telegraph

The cut was announced a day after the declaration of by-election results in 29 Assembly seats and 3 Lok Sabha seats, wherein BJP suffered setback in some states

The Narendra Modi government has finally buckled under pressure from consumers, voters and the Opposition and slashed excise duties on petrol by Rs 5 a litre and on diesel by Rs 10 a litre.

From Thursday in Calcutta, the price of petrol will fall by Rs 5.82 and cost Rs 104.67 a litre. Diesel will be cheaper by Rs 11.77 and priced at Rs 89.79 a litre in the city.

The cut was announced a day after the declaration of by-election results in 29 Assembly seats and three Lok Sabha seats, and ahead of the Assembly polls in Uttar Pradesh and several other states early next year. The price spike was cited as one of the reasons for the setback the BJP suffered in some states in the by-elections.

BJP leaders competed with one another to project the relief as a “Diwali gift” from Modi. Unsurprisingly, no credit was given to the Congress, which has been running a relentless campaign against the spurt in fuel prices.

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The Telegraph, 4 November, 2021, https://www.telegraphindia.com/india/modi-government-slashes-excise-duties-on-petrol-by-rs-5-a-litre-and-on-diesel-by-rs-10-a-litre/cid/1837202


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