scorecardresearchFuel excise duty cut may help cut inflation by 40 basis points, report says

Fuel excise duty cut may help cut inflation by 40 basis points, report says

Updated: 23 May 2022, 08:52 AM IST
TL;DR.
The excise duty cut will translate into a reduction of 9.5 a litre on petrol and 7 a litre in diesel after taking into account its impact on other levies.
The excise duty cut on petrol and diesel was reduced after fuel prices remained steady for more than 40 days.

The excise duty cut on petrol and diesel was reduced after fuel prices remained steady for more than 40 days.