Centre mulls excise duty cut to ease oil ache
The oil ministry on Thursday indicated that the government could consider a cut in duties to provide some relief to motorists if global crude prices continue to spike.
Petrol prices in Delhi scaled an all time high of Rs 84.20 per litre on Thursday while diesel in Mumbai touched a record high of Rs 81.07.
Data showed that a motorist in Calcutta would have to pay Rs 85.68 for a litre of petrol and Rs 77.97 for a litre of diesel.
The price of petrol rose 24 paise per litre and diesel by 27 paise a litre in Calcutta in a day, according to a price notification from oil marketing companies.
