At last government cut in excise duty on petrol and dieselIn the last three years, there are continuously increasing in the price of fuel. Various opponent political parties are demanding to reduce the prices of Petrol diesel and LPG. Many state govt has already reduced the VAT rate. The finance ministry has declared a cut in excise duty so that the price of one-liter petrol will be reduced by Rs.5.00 and diesel by Rs.10.00.
Even there is a massive shortage of tax collection by this reduction, yet it was necessary for the benefit of the general people of the people and also it will help govt to control the inflationary situation of price level of various commodities. The decision of the govt is quite justified. What do you think?