Indian government cuts central excise duty on petrol and diesel by 10 rupees per litre

The central government announced a reduction of excise duty on gasoline and diesel. The cut lowers the tax by 10 rupees per litre for both fuels. The move is intended to ease the cost burden on consumers. It follows rising fuel prices that have impacted household budgets. The finance ministry said the adjustment will be reflected in the next price revision. Industry groups welcomed the relief but cautioned about long‑term fiscal effects. Analysts expect a modest dip in retail fuel prices at the pump. Observers will assess whether the policy stabilises inflation trends.