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The government on Tuesday cut excise duty on petrol and diesel by two rupees a litre to protect retail consumers from higher global crude oil prices, the finance ministry said. The new excise duty will be effective from tomorrow, October 4. The government, which had raised duties three years ago to take away gains arising from plummeting global oil prices, has been criticised for not cutting excise duty despite a sustained rise in fuel prices since early July.NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile.Subscribe for more videos: https://www.youtube.com/user/ndtv?sub... Like us on Facebook: https://www.facebook.com/ndtv Follow us on Twitter: https://twitter.com/ndtv Download the NDTV Apps: http://www.ndtv.com/page/apps Watch more videos: http://www.ndtv.com/video?yt

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Petrol prices Diesel prices Excise duty Excise duty on petrol Excise duty on diesel Government Cuts Excise Duty Finance Ministry ndtv 24x7