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Centre Cuts Fuel Duties, Says India Safe Under PM Modi Amid Global Crisis

Minister of State Nityanand Rai stated that India remains safe under Prime Minister Narendra Modi's leadership while the world faces a global crisis. The Central Government is actively working to reduce petrol and diesel prices, having cut special excise duties significantly. The Finance Ministry reduced the duty on petrol from Rs 13 to Rs 3 per litre and eliminated it on diesel to ensure price stability. Concurrently, a revised duty structure for Aviation Turbine Fuel has been introduced, and the government assures sufficient fuel stocks despite supply chain disruptions from the West Asia conflict.

Key Points: Govt Cuts Petrol, Diesel Duties; India Safe Under Modi: Nityanand Rai

  • Centre cuts excise duty on petrol and diesel
  • Govt aims to reduce fuel prices for citizens
  • India's energy supply stable despite global crisis
  • New duty on aviation fuel introduced with exemptions
  • Sufficient fuel stocks maintained amid West Asia conflict
3 min read

India safe under PM Modi; Centre working to reduce petrol, diesel prices: MoS Nityanand Rai

MoS Nityanand Rai credits PM Modi for stable fuel supply as Centre cuts excise duties on petrol and diesel amid the West Asia conflict's global impact.

"When the world is passing through a phase of global crises, India is safe under the capable and successful leadership of Prime Minister Narendra Modi. - Nityanand Rai"

Patna, March 28

The Central government is working to reduce the price of petrol and diesel for the convenience of citizens amid the global crisis, said Minister of State for Home Affairs Nityanand Rai on Saturday as the West Asia conflict continues to impact the global fuel supply chain.

Speaking to the media, the MoS credited Prime Minister Narendra Modi's leadership for keeping India's energy supply stable, claiming that other nations are struggling due to inflated prices.

"When the world is passing through a phase of global crises, India is safe under the capable and successful leadership of Prime Minister Narendra Modi. While prices of everything, especially petrol and diesel, are rising in other countries, the Central Government is taking care to reduce the prices of petrol and diesel in India and ensure that the citizens do not face any kind of inconvenience," said Rai.

Meanwhile, the Finance Ministry has reduced special excise duty on petroleum products to keep petrol and diesel prices stable.

The duty on petrol has been cut from Rs 13 to Rs 3 per litre, while diesel duty has been reduced from Rs 10 to zero.

The announcement comes under the supply disruptions of crude amid the ongoing West Asia crisis "...the Central Government, being satisfied that it is necessary in the public interest so to do...," notes a part of the order.

At the same time, the government has revised taxes on Aviation Turbine Fuel (ATF). A new excise duty of Rs 50 per litre has been introduced. However, exemptions will limit the effective duty to Rs 29.5 per litre, easing the burden on the aviation sector.

The notification says "Aviation Turbine Fuel Rs 50 per Litre" as a special additional excise duty, alongside exemptions that cap the effective rate at "Rs. 29.5 per litre" in certain cases. Other changes in excise duties have also been made to help maintain overall stability in fuel prices.

The government said the changes are in the public interest, aiming to balance consumer relief, revenue needs and industry requirements amid global energy uncertainty.

The Ministry of Petroleum and Natural Gas has also reiterated that India has sufficient stock of crude oil, petrol and diesel, while ensuring an uninterrupted supply of LNG and LPG despite disruptions caused by the ongoing West Asia conflict.

The conflict in West Asia began with Israel-US strikes on Iran on February 28, killing Supreme Leader Ayatollah Ali Khamenei. As Iran retaliated, it widened the ambit of the conflict, affecting its neighbours in the region.

- ANI

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Reader Comments

R
Rahul R
While I appreciate the duty cuts, the statement feels like political messaging ahead of elections. The global situation is tough, but we need consistent policy, not just announcements. The focus should be on long-term energy security and alternatives.
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Aman W
Good to hear about stable supplies. My brother drives a taxi in Delhi and the fuel cost eats most of his earnings. Any reduction helps families like ours directly. Hope the benefit reaches everyone.
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Sarah B
Interesting to see the excise duty on ATF being introduced but capped. Seems like a balancing act to help airlines without losing revenue. The global energy market is so volatile right now.
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Vikram M
Reducing diesel duty to zero is a big move! This should help control inflation as transport costs come down. Prices of vegetables and essentials might see some stability. A sensible step in these times.
K
Kavitha C
The assurance on LPG supply is crucial for households. Cooking gas prices have also been high. Hope the government looks at providing some relief there as well. Jai Hind.

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