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21 May 2022

Ministry Of Finance Reduces Petrol And Diesel Prices In The Country

Latest reports have been coming in from the economy of the country where Union Finance Minister Nirmala Sitharaman has stated that we are reducing the Central excise duty on Petrol by Rs 8 per litre and on Diesel by Rs 6 per litre. 

This will reduce the price of petrol by Rs 9.5 per litre and of Diesel by Rs 7 per litre according to Union Finance Minister Nirmala Sitharaman.

According to the reports Union Finance Minister Nirmala Sitharaman has also stated that this year, we will give a subsidy of Rs 200 per gas cylinder (upto 12 cylinders).

This will be over to 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojana according to Union Finance Minister Nirmala Sitharaman.

According to the reports coming in from Minister of Finance Nirmala Sitaraman has said that we are also reducing the customs duty on raw materials and intermediaries for plastic products where our import dependence is high. 

Import duty on some raw materials of steel will be reduced. Export duty on some steel products will be levied according to Union Finance Minister Nirmala Sitharaman.

She has also added that measures are being taken up to improve the availability of Cement and through better logistics to reduce the cost of cement.

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