NEW DELHI, Mar 27: The government has slashed excise duty on petrol to Rs 3 a litre and exempted diesel from the duty as it seeks to shield consumers from the impact of rising global crude prices amid the ongoing war in the Middle East.
In a notification issued late on March 26, the Finance Ministry cut excise duty to Rs 3 a litre, from Rs 13 a litre earlier, while the levy on diesel has been slashed to nil from Rs 10 earlier.
The duty cuts are effective immediately, the ministry said.
 
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