No excise duty cut on petrol, diesel for now: Government
The government has said it is not considering cutting excise duty on petrol and diesel yet as rates haven't touched levels that could trigger such an action. The central government levies â¹19.48 per litre of excise duty on petrol and â¹15.33 on diesel. Every rupee cut in excise duty on fuel will cause a revenue loss of â¹13,000 crore.