India slashes additional excise duty on petrol, diesel amid fuel price hike worries — What does this mean for you?
The Indian government has slashed the special additional excise duty (SAED) on both petrol and diesel amid rising worries about fuel price hike across the country due to the US-Iran war in West Asia.
According to a gazette notification dated Thursday, the additional excise duty on petrol was cut to ₹3 per litre from ₹13 per litre earlier. Meanwhile, the excise duty on diesel was cut to ₹0 from ₹10 per litre earlier.
