Exciese Duty

On the eve of Diwali, the government of India on November 3 reduced the excise duty by Rs 5 on petrol and Rs 10 on diesel. The new prices will come into effect from November 4. The price for petrol and diesel on November 3 remained at Rs 110.04 per litre and Rs 98..42 a litre in Delhi, repectively. The government also demanded to reduce VAT on fuels.