At present, the excise duty on petrol is Rs 21.48 per litre while that on diesel is Rs 17.33 per litre. Fuel prices have been fluctuating in the national Capital for the last three months.
Delhiites had a mixed response to the government announcing a cut on excise duty on petrol and diesel by Rs 2 per litre. The fuel prices will be reduced from Wednesday. Now, petrol is priced at Rs 70.88 per litre whereas diesel is priced at Rs 59.14 in Delhi — the highest ever rates.
Commenting on the development, IT professional Manish Singh said: "Let's see how the prices are affected by this move. The government adds Rs 5 to the prices and then reduces 50 paise or a rupee. What good will this do? It's like balancing both sides of a weighing scale."
At present, the excise duty on petrol is Rs 21.48 per litre while that on diesel is Rs 17.33 per litre. Fuel prices have been fluctuating in the national Capital for the last three months.
Arun Kumar, a food grain supplier, said that according to ministers, a man who can afford a car is capable of paying taxes, but what about farmers who are equally affected by fuel prices.
" The rise and fall in fuel prices directly affects the agricultural process and at times crosses the budget. From ploughing fields to sending products to the market, everything adds to the cost. I am not sure if the price drop will change anything for us. We are prepared for it to be raised again," Kumar said.
The younger generation, however, welcomed the move." Petrol prices had been going up for the last two months. The price cut is a relief as Delhi does not offer the best public transport system, especially in the interiors," said Prakash Kapoor, a marketing executive who lives in outer Delhi.
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