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BJP's Ramchander Rao Hails Fuel Duty Cut as Relief for Common Man

BJP Telangana President N Ramchander Rao has welcomed the central government's decision to slash excise duties on petrol and diesel. He stated this reduction will lower fuel prices and provide relief to the common man, noting India is the only country currently reducing petroleum prices. Rao appealed to state governments, including Telangana's, to further reduce VAT to bring prices down more. The duty cut comes amid a global energy crisis triggered by geopolitical tensions affecting oil supply routes.

Key Points: BJP's Rao Welcomes Excise Duty Cut on Petrol, Diesel

  • Central excise duty slashed on petrol and diesel
  • BJP urges state govts to reduce VAT further
  • India cited as only country reducing fuel prices now
  • Move comes amid global energy crisis
  • Relief for oil marketing companies
2 min read

"Decision will provide relief to common man": BJP's Ramchander Rao welcomes excise duty cut on petrol, diesel

BJP Telangana chief N Ramchander Rao welcomes central govt's excise duty cut on fuel, calling it relief for common man amid global crisis.

"This decision of the Government of India will provide relief to the common man. - N Ramchander Rao"

Hyderabad, March 27

Bharatiya Janata Party Telangana President N Ramchander Rao on Friday lauded the central government's decision to slash excise duties on petrol and diesel.

Rao stated that the reduction in excise duties would bring down fuel prices, offering relief to the common man.

He pointed out that India is the only country reducing petroleum prices amid the global energy crisis.

Speaking to ANI, Rao said, "The decision of the government of India to cut down the central excise tax on the petroleum products and now with this decision of the government of India, the petroleum and diesel prices have come down...We request the state government to reduce the VAT so that the prices will come down further."

"India is the only country which has reduced the prices of petroleum products like diesel and petrol...We appeal to the people of Telangana and also the people of other places that there is no shortage of these stocks...This decision of the Government of India will provide relief to the common man," he said.

Earlier in the day, the government slashed excise duties for petrol and diesel, bringing them down to Rs 3 per litre of petrol and zero for a litre of diesel. Windfall tax on export of diesel has been set at 21.5 rupees/litre.

The reduction comes amid a global energy crisis due to the US-Israel war on Iran and the consequent Tehran-imposed blockade on the Strait of Hormuz, through which a fifth of the world's crude oil and gas supply, between 20 and 25 million barrels per day, is shipped.

Before the conflict, India bought 12 to 15 per cent of that oil.

This move brings relief to oil marketing companies who were losing money on the marketing side because the cost of crude oil was shooting up. Retail prices of Petrol and Diesel remain unchanged as of now.

- ANI

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Reader Comments

R
Rohit P
Good step by the Centre. But the article says retail prices remain unchanged? So when will we actually see lower prices at the pump? The relief should reach people directly, not just help the oil companies.
A
Arjun K
It's a welcome move in these tough global times. While other nations are struggling, India is managing to reduce prices. Kudos to the government for thinking of the aam aadmi. Now the ball is in the state govt's court.
S
Sarah B
As someone who commutes daily from Hyderabad to Secunderabad, this is much-needed news. The traffic is bad enough without fuel costs crippling us. Hope the reduction is significant and sustained.
V
Vikram M
Reducing excise duty is fine, but what about the overall tax structure on fuel? We are still paying one of the highest taxes in the world. This feels like a small step when a giant leap is needed. The relief seems temporary.
K
Karthik V
Positive step. Lower fuel prices will have a ripple effect, reducing costs for transport and goods. This should help cool inflation a bit. Let's see if states like Telangana cooperate.

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