Diwali gift? Centre finally decides to bring down fuel prices
Facing months of intense pressure over rising fuel prices in the country, the central government on Wednesday cut excise duty on petrol and diesel by record amounts of ₹5 and ₹10, respectively, per litre, to bring down their rates from the highest-ever levels.
Announcing the decision, a government statement said the Centre has also urged states to commensurately (in an equivalent measure) reduce the value-added tax (VAT) on petrol and diesel to give relief to consumers.
Subsequently, multiple BJP-ruled states heeded the central government’s advice to bring down the petrol and diesel prices. For instance: Assam, Goa, Manipur, Haryana, Uttar Pradesh, Uttarakhand, etc. The decision has come into effect from Thursday, bringing a much needed relief for people across India.
However, after this cheer, some experts believe that this cut in fuel prices may not last long. Politically, most of these states are going for elections next year and hence, the decision could be taken at this moment. Well, whatever is the reason behind the cut, for now, it has cheered up people in this festive season.
TEJASWINI PAGADALA is an independent communications consultant. She has previously worked with the Andhra Pradesh Chief Minister’s Office as the Communications Officer where she has written English speeches for the CM, managed English media communication from the CMO and handled social media accounts of Andhra Pradesh Chief Minister and the Government.