Lowering Central Excise Duty on Fuel and Cutting Subsidy of 200 Per Gas Cylinder

Key Announcements

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2. Central has reduced the excise duty on Petrol by ₹8 per litre and on diesel by ₹9.5 per litre. While the move will reduce the government's revenue by around Rs 1 lakh crore per year.

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3. Central has reduced the custom duty on raw materials for plastics which will return in reduction of final product costs.

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