FM Nirmala Sitharaman rules out cut in excise duty on petrol, diesel for now

NEW DELHI: Finance Minister Nirmala Sitharaman on Monday remained non-committal on cut in excise duty on petrol and diesel, saying payments in lieu of past subsidised fuel pose limitations.

Petrol and diesel as well as cooking gas and kerosene were sold at subsidised rates during the previous Congress-led UPA government.

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