India cuts central excise duty on petrol and diesel by ₹10 per litre

The Indian government announced a reduction in central excise duty on fuel. Petrol and diesel taxes were each lowered by ten rupees per litre. The change applies to all grades of gasoline and diesel sold nationwide. The move aims to ease price pressures for consumers. It follows earlier steps to curb inflationary trends. Industry groups expect a modest drop in retail fuel prices. The revenue impact on the treasury will be assessed in upcoming budget reviews. Analysts will watch how the cut influences overall fuel demand.