As Finance Minister Nirmala Sitharaman announced a major drop in fuel prices, Prime Minister Narendra Modi said on Saturday that people were his government’s top priority.
The government on Saturday slashed excise duties on petrol by a record 8 rupees per liter and those on diesel by 6 rupees per liter to relieve consumers from high fuel prices which have also pushed inflation to a multi-year summit.
Modi tweeted: “It’s always people first for us! Today’s decisions, especially the one relating to a significant drop in petrol and diesel prices, will have a positive impact on various sectors, bring relief to our citizens and strengthen the “ease of living”. The decision to provide a grant of Rs 200 per bottle to beneficiaries of the Ujjwala scheme was also highlighted by the Prime Minister. “Ujjwala Yojana has helped millions of Indians, especially women. Today’s decision on the Ujjwala grant will significantly relieve family budgets,” he said.
The reduction in excise duty will result in a reduction of Rs 9.5 per liter on petrol and Rs 7 per liter on diesel after taking into account its impact on other levies.
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