With the revision, excise duty on petrol now stands at ₹13 per litre, while diesel attracts ₹10 per litre.
PM urged the international oil suppliers to review payment terms at least temporarily considering the weakening of rupee.
At last, the central government decided to curb the fuel prices and announced a cut of ₹2.5 in the fuel prices yesterday.
As per an ET report, the dealers were sold by the state-owned retailer Indian Oil Corporation (IOC) at the rate of ₹39 per litre
As per a government official, neither the Centre nor some States are interested to reduce taxes on fuel in the near future.