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India cuts excise duty on petrol and diesel
October 3, 2017 / 2:15 PM / 15 days ago

India cuts excise duty on petrol and diesel

NEW DELHI, Oct 3 (Reuters) - India on Tuesday cut excise duty on petrol and diesel by two rupees a litre to protect retail consumers from higher global crude oil prices, the government said.

The new excise duty will be effective from Oct. 4, the Finance Ministry said in a message on Twitter.

The finance ministry had earlier ruled out lowering excise duties on petroleum products, citing pressure on government finances. (Reporting by Manoj Kumar; editing by Alexander Smith)

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