Petrol Diesel Price Cut: Government Reduces Excise Duty by ₹10 Per Litre Amid Global Oil Price Surge

      In a move that is likely to bring some immediate relief to consumers, the central government led by Prime Minister Narendra Modi has decided to cut excise duty on petrol and diesel. The decision comes at a time when global crude oil prices have been rising steadily, pushing fuel rates higher and adding to the burden on households.

As per the announcement, excise duty has been reduced by ₹10 per litre on both petrol and diesel. This is expected to reflect in lower retail prices, offering some breathing space to people who have been dealing with rising living costs. Fuel prices don’t just affect what people pay at the pump—they also influence transportation and the cost of everyday goods, so even a small reduction tends to have a wider impact.

The government’s move is largely seen as a response to the surge in global oil prices. Since India imports a major portion of its crude oil, any fluctuation in international markets quickly affects domestic pricing. By stepping in with a duty cut, the government is trying to absorb part of that pressure and prevent further strain on consumers.

At the same time, officials have indicated that this may not be a one-time step. The government has said it will continue to keep a close watch on fuel prices and review the situation every 15 days. This suggests that further changes could be made depending on how global prices behave in the coming weeks.

For now, the decision is being viewed as a timely intervention. While it may not completely shield consumers from future price fluctuations, it does offer some short-term relief at a time when inflation remains a concern for many households.