The Government of India has made a major cut in the special additional excise duty on petrol and diesel. The excise duty on petrol has been reduced from ₹13 per litre to ₹3 per litre, while the duty on diesel has been completely removed — brought down from ₹10 per litre to Nil (zero).
This decision came into effect on Friday, March 27, 2026, through an official notification.The move is aimed at cushioning the impact of rising global crude oil prices and geopolitical tensions in the Middle East.
With increased uncertainty in the international oil market, the government has taken this step to reduce pressure on domestic fuel prices. Shining Diva Fashion Latest Stylish Design Fancy Traditional Necklace Jewellery Set for Women (16781s)
Although the duty cut may not immediately reflect in retail petrol and diesel prices, it is expected to benefit oil marketing companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL).
These companies have been facing losses recently, and analysts estimate that this reduction could lower their losses by around 40%. For the common public, this announcement brings significant relief. A monk who walked Bengal’s pavements, a new hope, a new horizon
With more stable fuel prices, the cost of transportation, logistics, and daily essentials is likely to remain under control. Farmers, transporters, and ordinary consumers are expected to benefit from this decision.
The complete removal of excise duty on diesel is particularly advantageous for commercial vehicles and agricultural activities.Derailed House: Leaving People's Issues Aside, the Legislative Assembly Becomes a Platform for DKShi - Munirathna Slugfest..!
This measure forms part of the government’s broader economic strategy to manage the cost of oil imports and keep inflation in check.
While the duty cut may result in some revenue loss for the government in the short term, experts believe it will contribute to long-term economic stability. Assam Electoral Battle: Fierce Contest Between 722 Candidates Across 126 Constituencies..!
The decision is seen as timely relief for citizens. In the coming days, greater stability in petrol and diesel prices is anticipated.
It also sends a clear message that the government continues to closely monitor the energy sector and is ready to take proactive steps when needed.After Trump tried provoking Iran by presenting them 15 points, which was outrageously rejected by Iran, now Its Iran’s turn to provoke US.