Nowadays, Petrol and diesel have gone very high and some people have started using bicycles.
So the central government is preparing to decrease the rate of excise duty on petrol and diesel.
Finance minister is preparing how to lower the price of petrol and diesel.
RBI governor said
Reserve bank of India’s governor Shaktikant Das said: the central government and state government must reduce the taxes on petrol and diesel. There is a big part of tax in the rate of petrol and diesel.
Petrol is only for 36 rs per liter and 55 rs tax is imposed on it. 60% is a tax on the whole rate of petrol and diesel.
Now the ministry of finance is meeting with state governments, oil companies and the ministry of petroleum so they can make a way and give relief to the customers.
According to a source “ In the middle of March, we can see the price reduction in petrol and diesel.