Petrol and diesel prices were cut Saturday as union finance minister Nirmala Sitharaman made several big-ticket announcements to help relieve the common man of the burden of inflation and rising prices. Sitharaman said prime minister Narendra Modi’s office had ‘specifically asked all arms of the government to work with sensitivity and give relief to the common man’. Major concessions included excise duty reductions for petrol, diesel, and LPG cylinder subsidies.
Here are 6 big announcements by Nirmala Sitharmaman:
> Prices of petrol and diesel would be slashed by ₹9.5 per litre and ₹7 per litre after the centre reduces excise duties by ₹8 and ₹6, respectively. This will affect revenue by about ₹1 lakh crore per year, the finance minister said.
