Shillong, March 27: Conrad K Sangma on March 27 welcomed the Centre’s decision to reduce central excise duty on petrol and diesel by ₹10 per litre, thanking Prime Minister Narendra Modi and the Government of India for the move.
The decision comes amid escalating tensions in West Asia and is expected to provide immediate relief to households and businesses facing rising fuel costs. Sangma, reacting to the announcement, said the step would significantly benefit citizens across the country.
Union Finance Minister Nirmala Sitharaman had earlier outlined the measure, stating that the excise duty cut aims to shield consumers from price volatility linked to global developments. She added that the government remains focused on protecting citizens from fluctuations in essential commodity prices.
In addition to the duty reduction, the Centre has imposed export duties of ₹21.5 per litre on diesel and ₹29.5 per litre on aviation turbine fuel to strengthen domestic availability. The measures have been formally notified in Parliament.
Analysts indicate that the excise cut could ease inflationary pressures, with fuel prices at retail outlets likely to decline in line with the reduction, subject to applicable state taxes.
