Editorial
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| PM Modi’s Bold Decision | | | | The Government of India (GoI) has taken a major decision to keep fuel prices in check by reducing Excise duty by Rs 10 per litre on both petrol and diesel with immediate effect. Prime Minister Narendra Modi’s bold move has ensured that no burden falls on the common man.
The decision to cut the Excise duty was taken in response to the steep and rapid rise in international crude oil prices, which have surged from approximately USD 70 per barrel to around USD 122 per barrel over the past month — an increase of nearly 75 per cent in under four weeks, driven by the ongoing conflict in West Asia and associated disruptions to global energy supply chains.
The excise reduction is not being passe | |
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