The BJP on Wednesday lauded the central government’s decision to reduce the prices of petrol and diesel as the Prime Minister Narendra ModiDiwali gift. Bharatiya Janata Party (BJP) President JP Nadda said that this decision will increase consumption and keep inflation low.
“I thank @narendramodi ji’s government for reducing excise duty on petrol and diesel by Rs 5 and Rs 10 respectively on the eve of Diwali from tomorrow. Reduction in excise duty on petrol and diesel will boost consumption and Inflation will remain low, thus helping poor and middle class,” Nadda said in a tweet. BJP chief spokesperson Anil Baluni said Modi has given a wonderful Diwali gift. The government on Wednesday reduced excise duty on petrol and diesel. Rs 5 and Rs 10, respectively, to bring down retail rates from record highs. The decision may be welcomed as a long-awaited aid to consumers, who have been trading in both the fuels for almost the entire year. are facing huge price hikes.
The price of petrol in the national capital was Rs 110.08 on Wednesday, which has increased by Rs 20 in the last six months itself. Petrol and diesel prices have seen a steep rise throughout the year, with prices of both fuels rising by over 17 and 20 per cent till September.
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