Oil companies are earning profit up to ₹ 11 per liter on petrol and diesel: But there is no relief for the common people, crude oil is at the lowest level in 6 months.

Oil companies are earning profit up to ₹ 11 per liter on petrol and diesel: But there is no relief for the common people, crude oil is at the lowest level in 6 months.

Crude oil prices, which reached a record high during the US-Iran war, have now fallen to their lowest level in 6 months. Indian Basket crude oil has reached $68.69/barrel. This is about 56% less than the peak of $157 made during the war. Despite this, the common man has not got any relief in the…

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Government reduced excise duty on petrol and diesel: Reduction of ₹ 10 on petrol and ₹ 13 on diesel, this will not increase the prices of petrol and diesel at present.

Government reduced excise duty on petrol and diesel: Reduction of ₹ 10 on petrol and ₹ 13 on diesel, this will not increase the prices of petrol and diesel at present.

Amidst the crude oil crisis, the Central Government has reduced the excise duty on petrol and diesel, giving relief to oil companies and the general public. According to Reuters report, the excise duty on petrol was Rs 13 per liter, which has now been reduced by Rs 10 to Rs 3. At the same time,…

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