The government’s move to cut excise duty on petrol and diesel by ₹8 per litre and ₹6 per litre, respectively, has dealt a financial blow to fuel retailers who are already dealing with a curtailed fuel supply from refiners.
Half-a-dozen dealers ET spoke to said they suffered significant losses after the government on Saturday evening announced a cut in excise duty on petrol and diesel by ₹8 per litre and ₹6 per litre, respectively.
